Is Villa 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, Villa Grove has remained a Seller's Market.
Housing Prices in Villa Grove, IL
How much do homes in Villa Grove, IL cost?
Median Sold Price
$128,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Villa Grove was $128,000 in March 2024, up 28% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $62.5K | $95K | +52.0% |
3 Bedrooms | $138.2K | $135K | -2.4% |
4 Bedrooms | $156.2K | $195K | +24.8% |
5+ Bedrooms | - | $137.5K | N/A |
Summary: Villa 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 52%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Villa Grove | $100K | $128K | +28.0% |
Camargo Township | $115K | $125.7K | +9.3% |
Housing Supply in Villa Grove, IL
How many homes are available in Villa Grove, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Villa Grove real estate market had 12 homes for sale in March 2024, a 9.1% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Villa 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Villa Grove in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 34 Days | -52.8% |
Summary: Homes in Villa Grove had an average of 34 days on market in Mar 2024, down by 52.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Villa Grove; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.