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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Villa Grove is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Villa Grove, IL

How much do homes in Villa Grove, IL cost?

Median Sold Price

$132,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$47,850(+56.9%)

Key Takeaway

Homes in Villa Grove have sold for 56.9% more than they did a year ago.

Summary: The median home sold price in Villa Grove was $132,000 in September 2024, up 56.9% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $69K$78.5K
+13.8%
3 $109.5K$130K
+18.7%
4 $192.5K$206.2K
+7.2%
5+ $137.5K$205K
+49.1%

Summary: Villa Grove 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 increased by 13.8%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 49.1%.

Median Sold Price Compared To Nearby Cities

Villa Grove
+56.9%
Camargo Township
+45.2%

Housing Supply in Villa Grove, IL

How many homes are available in Villa Grove, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1914-26.3%

Summary: The Villa Grove real estate market had 14 homes for sale in September 2024, a 26.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 118
-27.3%
4 32
-33.3%
5+ 22
0.0%

Summary: The Villa Grove 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 33.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villa Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Villa Grove in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Villa Grove, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
152 Days27 Days-82.2%

Summary: Homes in Villa Grove had an average of 27 days on market in Sep 2024, down by 82.2% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Villa 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Villa Grove, IL

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