Is Pingree Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pingree Grove has remained a Seller's Market.
Housing Prices in Pingree Grove, IL
How much do homes in Pingree Grove, IL cost?
Median Sold Price
$305,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pingree Grove was $305,000 in April 2024, up 13.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $275K | +14.6% |
3 Bedrooms | $265K | $285.2K | +7.6% |
4 Bedrooms | $400K | $396.2K | -0.9% |
5+ Bedrooms | $400K | $442.5K | +10.6% |
Summary: Pingree Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Elgin | $270.2K | $308.3K | +14.1% |
Pingree Grove | $269.4K | $305K | +13.2% |
Hampshire | $350K | $386.2K | +10.4% |
Rutland Township | $300K | $315K | +5.0% |
Plato Township | $491.5K | $510K | +3.8% |
Housing Supply in Pingree Grove, IL
How many homes are available in Pingree Grove, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 58 | +38.1% |
Summary: The Pingree Grove real estate market had 58 homes for sale in April 2024, a 38.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 17 | 30 | +76.5% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pingree Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 76.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 19 | +111.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Pingree Grove in April 2024, up by 111.1% month-over-month. Of the 19 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Pingree Grove, IL
How long does it take to sell a home in Pingree Grove, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 18 Days | +10.2% |
Summary: Homes in Pingree Grove had an average of 18 days on market in Apr 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Pingree Grove; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.