Is Indian Grove Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Indian Grove Township was a Buyer's Market.
Housing Prices in Indian Grove Township, IL
How much do homes in Indian Grove Township, IL cost?
Median Sold Price
$137,500
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Indian Grove Township was $137,500 in March 2024, up 8.7% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $55K | N/A |
2 Bedrooms | $90K | $137.5K | +52.8% |
3 Bedrooms | $143K | $134.2K | -6.1% |
4 Bedrooms | $170K | $170K | 0.0% |
5+ Bedrooms | $134.2K | $117.5K | -12.5% |
Summary: Indian Grove Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
Indian Grove Township | $126.5K | $137.5K | +8.7% |
Fairbury | $126.5K | $137.5K | +8.7% |
Housing Supply in Indian Grove Township, IL
How many homes are available in Indian Grove Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Summary: The Indian Grove Township real estate market had 12 homes for sale in March 2024, a 20.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Indian Grove Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Indian Grove Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Indian Grove Township, IL
How long does it take to sell a home in Indian Grove Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 50 Days | +31.6% |
Summary: Homes in Indian Grove Township had an average of 50 days on market in Mar 2024, up by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Indian Grove Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.