Is Groveland Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Groveland Township has remained a Seller's Market.
Housing Prices in Groveland Township, IL
How much do homes in Groveland Township, IL cost?
Median Sold Price
$160,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Groveland Township was $160,000 in March 2024, up 14.3% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $38K | +8.6% |
2 Bedrooms | $77K | $91.5K | +18.8% |
3 Bedrooms | $140K | $160K | +14.3% |
4 Bedrooms | $205K | $233.5K | +13.9% |
5+ Bedrooms | $255K | $370K | +45.1% |
Summary: Groveland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Cities
Creve Coeur | $73.9K | $92.5K | +25.1% |
Groveland Township | $140K | $160K | +14.3% |
East Peoria | $150K | $170K | +13.3% |
Marquette Heights | $115.5K | $129.9K | +12.5% |
Housing Supply in Groveland Township, IL
How many homes are available in Groveland Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 56 | +14.3% |
Summary: The Groveland Township real estate market had 56 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 8 | 14 | +75.0% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Groveland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Groveland Township in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Groveland Township, IL
How long does it take to sell a home in Groveland Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 33 Days | +48.8% |
Summary: Homes in Groveland Township had an average of 33 days on market in Mar 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Groveland Township; 76% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.