Is Indian Grove Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Indian Grove Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $55K | N/A |
2 Bedrooms | $115K | $118K | +2.6% |
3 Bedrooms | $143K | $155K | +8.4% |
4 Bedrooms | $170K | $198.7K | +16.9% |
5+ Bedrooms | $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 | $147.5K | $137.5K | -6.8% |
Fairbury | $147.5K | $137.5K | -6.8% |
Forrest Township | $138.5K | $116.5K | -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 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
92 Days | 11 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
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.