Is Spring Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Spring Grove was a Seller's Market.
Housing Prices in Spring Grove, IL
How much do homes in Spring Grove, IL cost?
Median Sold Price
$375,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spring Grove was $375,000 in March 2024, down 9.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $158.5K | N/A |
2 Bedrooms | $177.9K | $222K | +24.8% |
3 Bedrooms | $412.5K | $370K | -10.3% |
4 Bedrooms | $410K | $445K | +8.5% |
5+ Bedrooms | $465K | $495K | +6.5% |
Summary: Spring 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 24.8%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Richmond Township | $305K | $375.5K | +23.1% |
Burton Township | $350K | $378K | +8.0% |
Fox Lake | $210K | $225.2K | +7.3% |
Randall | $430K | $449.9K | +4.6% |
Spring Grove | $412.5K | $375K | -9.1% |
Housing Supply in Spring Grove, IL
How many homes are available in Spring Grove, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Summary: The Spring Grove real estate market had 24 homes for sale in March 2024, a 20.0% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Spring 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 33.3%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Spring Grove in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Spring Grove, IL
How long does it take to sell a home in Spring Grove, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 33 Days | -6.4% |
Summary: Homes in Spring Grove had an average of 33 days on market in Mar 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Spring Grove; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.