Is Grant Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Grant Park has remained a Seller's Market.
Housing Prices in Grant Park, IL
How much do homes in Grant Park, IL cost?
Median Sold Price
$260,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grant Park was $260,000 in May 2024, up 48.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $92.2K | N/A |
2 Bedrooms | $144.9K | $260K | +79.4% |
3 Bedrooms | $199.9K | $249.5K | +24.8% |
4 Bedrooms | $168.5K | $279.9K | +66.1% |
5+ Bedrooms | - | $266.5K | N/A |
Summary: Grant Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 79.4%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 66.1%, and 5+ bedroom homes did not change.
Housing Supply in Grant Park, IL
How many homes are available in Grant Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Summary: The Grant Park real estate market had 14 homes for sale in May 2024, a 17.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grant Park housing inventory by bedroom type for May 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 decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Grant Park in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Grant Park, IL
How long does it take to sell a home in Grant Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 45 Days | +542.9% |
Summary: Homes in Grant Park had an average of 45 days on market in May 2024, up by 542.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Grant Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.