Is Grundy County, 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, Grundy County has remained a Seller's Market.
Housing Prices in Grundy County, IL
How much do homes in Grundy County, IL cost?
Median Sold Price
$260,073
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grundy County was $260,073 in May 2024, up 3.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $82.4K | N/A |
2 Bedrooms | $175K | $210K | +20.0% |
3 Bedrooms | $241.5K | $252.9K | +4.7% |
4 Bedrooms | $350K | $355K | +1.4% |
5+ Bedrooms | $409K | $370K | -9.5% |
Summary: Grundy County 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 increased by 20%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Counties
Kendall County | $304.2K | $339.8K | +11.7% |
LaSalle County | $138.8K | $150K | +8.1% |
Will County | $307.1K | $330K | +7.5% |
Grundy County | $252K | $260K | +3.2% |
Livingston County | $135K | $132K | -2.2% |
Housing Supply in Grundy County, IL
How many homes are available in Grundy County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 164 | +7.9% |
Summary: The Grundy County real estate market had 164 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 33 | 27 | -18.2% |
3 Bedrooms | 62 | 71 | +14.5% |
4 Bedrooms | 45 | 52 | +15.6% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Grundy County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 46 | -8.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Grundy County in May 2024, down by 8.0% month-over-month. Of the 46 sold homes, 41% were sold under asking, 11% were sold at asking, and 48% were sold over asking.
Days on Market for Grundy County, IL
How long does it take to sell a home in Grundy County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 22 Days | -36.8% |
Summary: Homes in Grundy County had an average of 22 days on market in May 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in Grundy County; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.