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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pigeon Grove Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Pigeon Grove Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pigeon Grove Township, IL

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

Median Sold Price

$65,000

$48/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$60,000(-48.0%)

Key Takeaway

Homes in Pigeon Grove Township have sold for 48% less than they did a month ago.

Summary: The median home sold price in Pigeon Grove Township was $65,000 in April 2024, down 48% from last month, and the median price per square foot was $48.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $125K$65K
-48.0%
3 -$80.9K
N/A
4 --
N/A
5+ --
N/A

Summary: Pigeon Grove Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48%, 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

Ash Grove Township
-33.4%
Pigeon Grove Township
-48.0%
Artesia Township
-52.2%

Housing Supply in Pigeon Grove Township, IL

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The Pigeon Grove Township real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 34
+33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Pigeon Grove Township 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pigeon 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 3 homes were sold or pending in Pigeon Grove Township in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pigeon Grove Township, IL

How long does it take to sell a home in Pigeon Grove Township, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
105 Days99 Days-5.7%

Summary: Homes in Pigeon Grove Township had an average of 99 days on market in Apr 2024, down by 5.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pigeon Grove Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 3 homes were sold in Pigeon Grove Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 10 Days Ago

Newest Listings in Pigeon Grove Township, IL

Nearby Markets to Pigeon Grove Township, IL