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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin Grove Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Franklin Grove Township, IL

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

Median Sold Price

$227,000

$109/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$48,000(+26.8%)

Key Takeaway

Homes in Franklin Grove Township have sold for 26.8% more than they did a month ago.

Summary: The median home sold price in Franklin Grove Township was $227,000 in December 2024, up 26.8% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $179K$227K
+26.8%
4 --
N/A
5+ --
N/A

Summary: Franklin 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 26.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ashton Township
+40.1%
Franklin Grove Township
+26.8%
Franklin Grove
+26.8%

Housing Supply in Franklin Grove Township, IL

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
75-28.6%

Summary: The Franklin Grove Township real estate market had 5 homes for sale in December 2024, a 28.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 53
-40.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Franklin 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 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin Grove Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Franklin Grove Township in December 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Franklin Grove Township, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
8 Days10 Days+25.0%

Summary: Homes in Franklin Grove Township had an average of 10 days on market in Dec 2024, up by 25% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Franklin Grove Township; 100% of homes were sold within 30 days, 0% 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 Franklin Grove Township, IL

Nearby Markets to Franklin Grove Township, IL

What housing markets are near Franklin Grove Township, IL?