Is Grant 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, 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
$262,866
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grant Township was $262,866 in May 2024, up 7.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $125K | -7.4% |
2 Bedrooms | $192K | $218.4K | +13.8% |
3 Bedrooms | $248.5K | $263K | +5.8% |
4 Bedrooms | $342.5K | $365.9K | +6.8% |
5+ Bedrooms | $385K | $452.5K | +17.5% |
Summary: Grant Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
Lakemoor | $218.4K | $250K | +14.4% |
Fox Lake | $206.6K | $230K | +11.3% |
Grant Township | $245K | $262.8K | +7.3% |
Round Lake | $260K | $264K | +1.5% |
Volo | $285.2K | $257.7K | -9.6% |
Housing Supply in Grant Township, IL
How many homes are available in Grant Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 111 | +14.4% |
Summary: The Grant Township real estate market had 111 homes for sale in May 2024, a 14.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 32 | 27 | -15.6% |
3 Bedrooms | 31 | 41 | +32.3% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Grant Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Grant Township in May 2024, up by 9.7% month-over-month. Of the 34 sold homes, 41% were sold under asking, 21% were sold at asking, and 38% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 16 Days | -19.0% |
Summary: Homes in Grant Township had an average of 16 days on market in May 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Grant Township; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.