Is Poplar 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
Since last year, Poplar Grove Township has remained a Seller's Market.
Housing Prices in Poplar Grove Township, IL
How much do homes in Poplar Grove Township, IL cost?
Median Sold Price
$230,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Poplar Grove Township was $230,000 in May 2024, down 4.2% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $165K | -34.0% |
3 Bedrooms | $230K | $243.7K | +6.0% |
4 Bedrooms | $245K | $219K | -10.6% |
5+ Bedrooms | $195K | $243K | +24.6% |
Summary: Poplar 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 decreased by 34%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
Caledonia Township | $225K | $255K | +13.3% |
Boone Township | $200K | $200K | 0.0% |
Poplar Grove Township | $240K | $230K | -4.2% |
Poplar Grove | $256.8K | $230K | -10.5% |
Housing Supply in Poplar Grove Township, IL
How many homes are available in Poplar Grove Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 37 | +19.4% |
Summary: The Poplar Grove Township real estate market had 37 homes for sale in May 2024, a 19.4% 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 | 0 | 2 | +100.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Poplar 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 increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Poplar Grove Township in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Poplar Grove Township, IL
How long does it take to sell a home in Poplar Grove Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 19 Days | -38.7% |
Summary: Homes in Poplar Grove Township had an average of 19 days on market in May 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Poplar Grove Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.