Is Grafton 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, Grafton Township has remained a Seller's Market.
Housing Prices in Grafton Township, IL
How much do homes in Grafton Township, IL cost?
Median Sold Price
$376,873
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grafton Township was $376,873 in May 2024, up 4.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.5K | $237.5K | +39.3% |
2 Bedrooms | $299.9K | $310K | +3.4% |
3 Bedrooms | $325K | $350K | +7.7% |
4 Bedrooms | $430K | $455K | +5.8% |
5+ Bedrooms | $517.5K | $530K | +2.4% |
Summary: Grafton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $290.9K | $350K | +20.3% |
Lake in the Hills | $300.7K | $325K | +8.1% |
Lakewood | $496K | $528.5K | +6.6% |
Grafton Township | $359.9K | $376.8K | +4.7% |
Huntley | $345K | $352.8K | +2.3% |
Housing Supply in Grafton Township, IL
How many homes are available in Grafton Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
220 | 253 | +15.0% |
Summary: The Grafton Township real estate market had 253 homes for sale in May 2024, a 15.0% increase 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 | 54 | 42 | -22.2% |
3 Bedrooms | 66 | 81 | +22.7% |
4 Bedrooms | 80 | 106 | +32.5% |
5+ Bedrooms | 19 | 23 | +21.1% |
Summary: The Grafton 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 22.2%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 77 | +18.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Grafton Township in May 2024, up by 18.5% month-over-month. Of the 77 sold homes, 27% were sold under asking, 22% were sold at asking, and 51% were sold over asking.
Days on Market for Grafton Township, IL
How long does it take to sell a home in Grafton Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 18 Days | -47.1% |
Summary: Homes in Grafton Township had an average of 18 days on market in May 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 77 homes were sold in Grafton Township; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.