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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pingree Grove is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Pingree Grove, IL

How much do homes in Pingree Grove, IL cost?

Median Sold Price

$305,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$44,390(+17.0%)

Key Takeaway

Homes in Pingree Grove have sold for 17% more than they did a year ago.

Summary: The median home sold price in Pingree Grove was $305,000 in March 2024, up 17% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $239K$273K
+14.2%
3 $260K$285K
+9.6%
4 $395K$396.2K
0.3%
5+ $400K$455K
+13.8%

Summary: Pingree Grove 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 14.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Cities

Pingree Grove
+17.0%
Hampshire
+14.9%
Elgin
+13.0%
Rutland Township
+5.6%
Plato Township
+5.2%

Housing Supply in Pingree Grove, IL

How many homes are available in Pingree Grove, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3444+29.4%

Summary: The Pingree Grove real estate market had 44 homes for sale in March 2024, a 29.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1519
+26.7%
3 1318
+38.5%
4 66
0.0%
5+ 01
+100.0%

Summary: The Pingree Grove 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 26.7%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pingree Grove, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Pingree Grove in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.

Days on Market for Pingree Grove, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
14 Days29 Days+95.8%

Summary: Homes in Pingree Grove had an average of 29 days on market in Mar 2024, up by 95.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 9 homes were sold in Pingree Grove; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 15 Days Ago

Newest Listings in Pingree Grove, IL

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