Is Indian Grove Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Grove Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Indian Grove Township has remained a Seller's Market.

Key Takeaway

Indian Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Indian Grove Township, IL cost?

Median Sold Price

$137,500

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$25,000(+22.2%)

Key Takeaway

Homes in Indian Grove Township have sold for 22.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $68.5K$102.5K
+49.6%
3 $125.2K$135K
+7.8%
4 $150K$180K
+20.0%
5+ $95K$81.7K
-13.9%

Median Sold Price Compared To Nearby Cities

Forrest Township
+39.0%
Fairbury
+28.0%
Indian Grove Township
+22.2%

How many homes are available in Indian Grove Township, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
15150.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 44
0.0%
3 34
+33.3%
4 86
-25.0%
5+ 01
+100.0%

Number of Homes Sold

Aug 2022Sep 2022%
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Grove Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
77 Days8 Days-89.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Indian Grove Township are selling fast, if you're buying plan to act quickly.

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

About Indian Grove Township, IL

There are 15 homes are for sale in Indian Grove Township, IL real estate market. In September 2022 median list price was $137,500 and the average listing age was 8 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 49.6%, prices of 3 bedrooms properties went up by 7.8%, prices of 4 bedrooms properties increased by 20%, 5 bedrooms properties prices decreased by 13.9%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went up by 33.3%, 4 bedrooms homes inventory decreased by 25%, the quantity of 5 bedrooms homes went up by 100%. In September 2022 more than 1 listings in Indian Grove Township, IL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.

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