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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Grove Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Spring Grove Township was a Buyer's Market.

Key Takeaway

Spring Grove Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Spring Grove Township, IL

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

Median Sold Price

$315,000

$168/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$60,500(-16.1%)

Key Takeaway

Homes in Spring Grove Township have sold for 16.1% less than they did a month ago.

Summary: The median home sold price in Spring Grove Township was $315,000 in April 2024, down 16.1% from last month, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$109K
N/A
3 $375.5K$315K
-16.1%
4 -$522.5K
N/A
5+ --
N/A

Summary: Spring 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 did not change, 3 bedroom homes decreased by 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Spring Grove Township, IL

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3044+46.7%

Summary: The Spring Grove Township real estate market had 44 homes for sale in April 2024, a 46.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 68
+33.3%
3 1317
+30.8%
4 914
+55.6%
5+ 24
+100.0%

Summary: The Spring Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

2 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 Spring Grove Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Spring Grove Township in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for Spring Grove Township, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
27 Days32 Days+16.9%

Summary: Homes in Spring Grove Township had an average of 32 days on market in Apr 2024, up by 16.9% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 7 homes were sold in Spring Grove Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in Spring Grove Township, IL

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