Is Grant Township, 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, Grant Township has remained a Seller's Market.
Housing Prices in Grant Township, IL
How much do homes in Grant Township, IL cost?
Median Sold Price
$260,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grant Township was $260,000 in April 2024, up 5.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $95K | -42.4% |
2 Bedrooms | $190K | $215K | +13.2% |
3 Bedrooms | $247.5K | $260K | +5.1% |
4 Bedrooms | $348K | $361.5K | +3.9% |
5+ Bedrooms | $370K | $465K | +25.7% |
Summary: Grant Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.4%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Cities
Lakemoor | $215K | $249.4K | +16.0% |
Grant Township | $245.4K | $260K | +5.9% |
Fox Lake | $217.4K | $225K | +3.5% |
Round Lake | $253.8K | $260.7K | +2.7% |
Volo | $286.7K | $255K | -11.1% |
Housing Supply in Grant Township, IL
How many homes are available in Grant Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 102 | +15.9% |
Summary: The Grant Township real estate market had 102 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 25 | 32 | +28.0% |
3 Bedrooms | 30 | 34 | +13.3% |
4 Bedrooms | 25 | 23 | -8.0% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Grant Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Grant Township in April 2024, up by 29.2% month-over-month. Of the 31 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Grant Township, IL
How long does it take to sell a home in Grant Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 14 Days | -44.3% |
Summary: Homes in Grant Township had an average of 14 days on market in Apr 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Grant Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.