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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Grove Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Indian Grove Township was a Seller's Market.

Key Takeaway

Indian Grove Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Indian Grove Township, IL

How much do homes in Indian Grove Township, IL cost?

Median Sold Price

$137,500

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$10,000(-6.8%)

Key Takeaway

Homes in Indian Grove Township have sold for 6.8% less than they did a year ago.

Summary: The median home sold price in Indian Grove Township was $137,500 in May 2024, down 6.8% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$55K
N/A
2 $115K$118K
+2.6%
3 $143K$155K
+8.4%
4 $170K$198.7K
+16.9%
5+ $250K$117.5K
-53.0%

Summary: Indian Grove Township 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 2.6%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 53%.

Median Sold Price Compared To Nearby Cities

Indian Grove Township
-6.8%
Fairbury
-6.8%
Forrest Township
-15.9%

Housing Supply in Indian Grove Township, IL

How many homes are available in Indian Grove Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1617+6.3%

Summary: The Indian Grove Township real estate market had 17 homes for sale in May 2024, a 6.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 78
+14.3%
4 34
+33.3%
5+ 23
+50.0%

Summary: The Indian Grove Township 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 decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Grove Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Indian Grove Township in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Indian Grove Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
92 Days11 Days-87.4%

Summary: Homes in Indian Grove Township had an average of 11 days on market in May 2024, down by 87.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 3 homes were sold in Indian Grove Township; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in Indian Grove Township, IL

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