Is Grundy County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grundy County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Grundy County has remained a Seller's Market.

Key Takeaway

Grundy County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$6,101(+2.4%)

Key Takeaway

Homes in Grundy County have sold for 2.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $116.7K$82.4K
-29.4%
2 $177K$185K
+4.5%
3 $235.7K$250.3K
+6.2%
4 $345K$344.5K
-0.1%
5+ $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
+11.0%
Kendall County
+10.5%
Will County
+7.3%
Livingston County
+4.0%
Grundy County
+2.4%

Housing Supply in Grundy County, IL

How many homes are available in Grundy County, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
127129+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

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 2629
+11.5%
3 6666
0.0%
4 2924
-17.2%
5+ 58
+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 2024Feb 2024CHANGE
3726-29.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grundy County, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
38 Days34 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grundy County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Grundy County, IL

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