Is Poplar Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Poplar Grove has remained a Seller's Market.
Key Takeaway
Poplar Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Poplar Grove, IL
How much do homes in Poplar Grove, IL cost?
Median Sold Price
$230,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Poplar Grove have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Poplar Grove was $230,000 in March 2024, down 11.5% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $165K | -49.2% |
| 3 Bedrooms | $255K | $240K | -5.9% |
| 4 Bedrooms | $267.5K | $233K | -12.9% |
| 5+ Bedrooms | $320K | $243K | -24.1% |
Summary: Poplar 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 decreased by 49.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Caledonia Township | $220K | $250K | +13.6% |
| Poplar Grove Township | $208K | $232.5K | +11.8% |
| Belvidere Township | $214.9K | $240K | +11.6% |
| Bonus Township | $253K | $262.4K | +3.7% |
| Poplar Grove | $260K | $230K | -11.5% |
Housing Supply in Poplar Grove, IL
How many homes are available in Poplar Grove, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Poplar Grove real estate market had 24 homes for sale in March 2024, a 14.3% increase 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Poplar 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 decreased by 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Poplar Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Poplar Grove in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Poplar Grove, IL
How long does it take to sell a home in Poplar Grove, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 37 Days | +91.7% |
Summary: Homes in Poplar Grove had an average of 37 days on market in Mar 2024, up by 91.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Poplar Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Poplar Grove; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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