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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poplar Grove Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Poplar Grove Township, IL

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

Median Sold Price

$246,500

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,500(+2.3%)

Key Takeaway

Homes in Poplar Grove Township have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Poplar Grove Township was $246,500 in September 2024, up 2.3% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $175K$165K
-5.7%
3 $241.2K$240K
-0.5%
4 $245K$246.5K
+0.6%
5+ $212.5K$450K
+111.8%

Summary: Poplar Grove Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 111.8%.

Median Sold Price Compared To Nearby Cities

Caledonia Township
+7.2%
Poplar Grove Township
+2.3%
Poplar Grove
+0.6%
Boone Township
-26.5%

Housing Supply in Poplar Grove Township, IL

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4239-7.1%

Summary: The Poplar Grove Township real estate market had 39 homes for sale in September 2024, a 7.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 1819
+5.6%
4 1613
-18.8%
5+ 45
+25.0%

Summary: The Poplar Grove Township housing inventory by bedroom type for September 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 5.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poplar Grove Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Poplar Grove Township in September 2024, down by 50.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Poplar Grove Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
38 Days18 Days-50.5%

Summary: Homes in Poplar Grove Township had an average of 18 days on market in Sep 2024, down by 50.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 7 homes were sold in Poplar Grove Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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