Is Spring Grove, 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, Spring Grove has remained a Seller's Market.
Housing Prices in Spring Grove, IL
How much do homes in Spring Grove, IL cost?
Median Sold Price
$370,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Grove was $370,500 in April 2024, down 9.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $187K | +43.8% |
2 Bedrooms | $177.9K | $206K | +15.8% |
3 Bedrooms | $407.4K | $360K | -11.6% |
4 Bedrooms | $422.5K | $450K | +6.5% |
5+ Bedrooms | $465K | $490K | +5.4% |
Summary: Spring Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Richmond Township | $290K | $372K | +28.3% |
Randall | $430K | $480K | +11.6% |
Burton Township | $359.9K | $372.5K | +3.5% |
Fox Lake | $217.4K | $225K | +3.5% |
Spring Grove | $410K | $370.5K | -9.6% |
Housing Supply in Spring Grove, IL
How many homes are available in Spring Grove, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 37 | +54.2% |
Summary: The Spring Grove real estate market had 37 homes for sale in April 2024, a 54.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 8 | 14 | +75.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Spring Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Spring Grove in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Spring Grove, IL
How long does it take to sell a home in Spring Grove, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 32 Days | -46.6% |
Summary: Homes in Spring Grove had an average of 32 days on market in Apr 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Spring Grove; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.