$1,780 Closing Credit*
$149,900
680 SqFt
2 Beds
•1 Full Bath
Listing Office: Market Pro Realty, Inc
Is Grafton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Grafton has remained a Seller's Market.
Key Takeaway
Grafton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grafton, IL
How much do homes in Grafton, IL cost?
Median Sold Price
$287,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+17.3%)
Key Takeaway
Homes in Grafton have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Grafton was $287,500 in October 2024, up 17.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $237K | -3.3% |
| 3 Bedrooms | $270K | $359K | +33.0% |
| 4 Bedrooms | $177.5K | $340K | +91.5% |
| 5+ Bedrooms | - | $230K | N/A |
Summary: Grafton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 33%, 4 bedroom homes increased by 91.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Quarry Township | $245K | $325K | +32.7% |
| Grafton | $245K | $287.5K | +17.3% |
Housing Supply in Grafton, IL
How many homes are available in Grafton, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Grafton real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Grafton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grafton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Grafton in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Grafton, IL
How long does it take to sell a home in Grafton, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 55 Days | -14.3% |
Summary: Homes in Grafton had an average of 55 days on market in Oct 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grafton has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Grafton; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.