Is Long Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Long Grove has remained a Seller's Market.
Housing Prices in Long Grove, IL
How much do homes in Long Grove, IL cost?
Median Sold Price
$802,223
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Long Grove was $802,223 in April 2024, up 4.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $502.5K | $1.3M | +168.7% |
3 Bedrooms | $635K | $635K | 0.0% |
4 Bedrooms | $759.9K | $815K | +7.3% |
5+ Bedrooms | $895K | $860K | -3.9% |
Summary: Long Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 168.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
Kildeer | $735.6K | $850K | +15.5% |
Vernon Hills | $380K | $402.5K | +5.9% |
Vernon Township | $459.7K | $483.3K | +5.1% |
Long Grove | $770K | $802.2K | +4.2% |
Ela Township | $533.4K | $554.7K | +4.0% |
Housing Supply in Long Grove, IL
How many homes are available in Long Grove, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Summary: The Long Grove real estate market had 31 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Long Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Long Grove in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Long Grove, IL
How long does it take to sell a home in Long Grove, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 9 Days | -1.0% |
Summary: Homes in Long Grove had an average of 9 days on market in Apr 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Long Grove; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.