Is Mulberry Grove Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mulberry Grove Township was a Seller's Market.
Key Takeaway
Mulberry Grove Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mulberry Grove Township, IL
How much do homes in Mulberry Grove Township, IL cost?
Median Sold Price
$170,000
$193/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Mulberry Grove Township have sold for 25.6% less than they did a month ago.
Summary: The median home sold price in Mulberry Grove Township was $170,000 in March 2024, down 25.6% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $170K | -10.5% |
| 3 Bedrooms | $267K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mulberry Grove Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lagrange Township | $158K | $380K | +140.5% |
| Mulberry Grove Township | $228.5K | $170K | -25.6% |
Housing Supply in Mulberry Grove Township, IL
How many homes are available in Mulberry Grove Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Mulberry Grove Township real estate market had 6 homes for sale in March 2024, a 25.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mulberry 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mulberry Grove Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Mulberry Grove Township in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mulberry Grove Township, IL
How long does it take to sell a home in Mulberry Grove Township, IL?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 101 Days | +78.8% |
Summary: Homes in Mulberry Grove Township had an average of 101 days on market in Mar 2024, up by 78.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Mulberry Grove Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Mulberry Grove Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.