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 March 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

$128,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$28,000(+28.0%)

Key Takeaway

Homes in Villa Grove have sold for 28% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $62.5K$95K
+52.0%
3 $138.2K$135K
-2.4%
4 $156.2K$195K
+24.8%
5+ -$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
+28.0%
Camargo Township
+9.3%

Housing Supply in Villa Grove, IL

How many homes are available in Villa Grove, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1112+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 98
-11.1%
4 11
0.0%
5+ 02
+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 2024Mar 2024CHANGE
24+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villa Grove, you could pay more than the asking price. 75% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
72 Days34 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

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 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.

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

Report Updated 17 Days Ago

Newest Listings in Villa Grove, IL

Nearby Markets to Villa Grove, IL

What housing markets are near Villa Grove, IL?