Is Big Grove Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Grove Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Big Grove Township has remained a Seller's Market.

Key Takeaway

Big Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Big Grove Township, IL

How much do homes in Big Grove Township, IL cost?

Median Sold Price

$358,500

$266/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$10,625(+3.1%)

Key Takeaway

Homes in Big Grove Township have sold for 3.1% more than they did a month ago.

Summary: The median home sold price in Big Grove Township was $358,500 in December 2024, up 3.1% from last month, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$365K
N/A
3 $347.8K$352K
+1.2%
4 --
N/A
5+ --
N/A

Summary: Big Grove Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fox Township
+38.1%
Newark
+4.9%
Big Grove Township
+3.1%

Housing Supply in Big Grove Township, IL

How many homes are available in Big Grove Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
54-20.0%

Summary: The Big Grove Township real estate market had 4 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Big Grove Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Grove Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Big Grove Township in December 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Big Grove Township, IL

How long does it take to sell a home in Big Grove Township, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
15 Days16 Days+6.5%

Summary: Homes in Big Grove Township had an average of 16 days on market in Dec 2024, up by 6.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Big Grove Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Big Grove Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Big Grove Township, IL

Nearby Markets to Big Grove Township, IL

What housing markets are near Big Grove Township, IL?