Is Grundy County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Grundy County has remained a Seller's Market.
Housing Prices in Grundy County, IL
How much do homes in Grundy County, IL cost?
Median Sold Price
$255,980
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Grundy County was $255,980 in February 2024, up 2.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.7K | $82.4K | -29.4% |
2 Bedrooms | $177K | $185K | +4.5% |
3 Bedrooms | $235.7K | $250.3K | +6.2% |
4 Bedrooms | $345K | $344.5K | -0.1% |
5+ Bedrooms | $390K | $377.4K | -3.2% |
Summary: Grundy County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Counties
LaSalle County | $135.1K | $150K | +11.0% |
Kendall County | $300K | $331.5K | +10.5% |
Will County | $302.5K | $324.6K | +7.3% |
Livingston County | $129.1K | $134.3K | +4.0% |
Grundy County | $249.8K | $255.9K | +2.4% |
Housing Supply in Grundy County, IL
How many homes are available in Grundy County, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
127 | 129 | +1.6% |
Summary: The Grundy County real estate market had 129 homes for sale in February 2024, a 1.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 26 | 29 | +11.5% |
3 Bedrooms | 66 | 66 | 0.0% |
4 Bedrooms | 29 | 24 | -17.2% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Grundy County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 26 | -29.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Grundy County in February 2024, down by 29.7% month-over-month. Of the 26 sold homes, 65% were sold under asking, 15% were sold at asking, and 19% were sold over asking.
Days on Market for Grundy County, IL
How long does it take to sell a home in Grundy County, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 34 Days | -10.0% |
Summary: Homes in Grundy County had an average of 34 days on market in Feb 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 26 homes were sold in Grundy County; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.