Is Grand Crossing, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Crossing is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Grand Crossing was a Seller's Market.

Key Takeaway

Grand Crossing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Grand Crossing, IL

How much do homes in Grand Crossing, IL cost?

Median Sold Price

$199,950

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,050(+4.7%)

Key Takeaway

Homes in Grand Crossing have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Grand Crossing was $199,950 in November 2024, up 4.7% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $71K-
N/A
2 $100K$120K
+20.0%
3 $189.9K$159K
-16.3%
4 $165K$210.9K
+27.8%
5+ $240K$275K
+14.6%

Summary: Grand Crossing housing prices by bedroom type for November 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 decreased by 16.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Neighborhoods

Englewood
+24.3%
Woodlawn
+10.5%
Chatham
+10.3%
Grand Crossing
+4.7%
Washington Park
-2.7%

Housing Supply in Grand Crossing, IL

How many homes are available in Grand Crossing, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
137168+22.6%

Summary: The Grand Crossing real estate market had 168 homes for sale in November 2024, a 22.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 4348
+11.6%
4 3850
+31.6%
5+ 4862
+29.2%

Summary: The Grand Crossing housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 29.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Crossing, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Grand Crossing in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.

Days on Market for Grand Crossing, IL

How long does it take to sell a home in Grand Crossing, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days92 Days+90.8%

Summary: Homes in Grand Crossing had an average of 92 days on market in Nov 2024, up by 90.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Grand Crossing has remained consistent over time.

Summary: During November 2024, 13 homes were sold in Grand Crossing; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 2 Days Ago

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