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 December 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

$210,313

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$21,713(+11.5%)

Key Takeaway

Homes in Grand Crossing have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Grand Crossing was $210,313 in December 2024, up 11.5% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $71K-
N/A
2 $80K$116K
+45.0%
3 $150K$189.9K
+26.6%
4 $165K$225K
+36.4%
5+ $240K$274.9K
+14.6%

Summary: Grand Crossing housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Neighborhoods

Englewood
+22.6%
Woodlawn
+15.4%
Chatham
+12.8%
Grand Crossing
+11.5%

Housing Supply in Grand Crossing, IL

How many homes are available in Grand Crossing, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
152160+5.3%

Summary: The Grand Crossing real estate market had 160 homes for sale in December 2024, a 5.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 4043
+7.5%
4 4345
+4.7%
5+ 6263
+1.6%

Summary: The Grand Crossing 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 increased by 28.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 1.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 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. 42.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Grand Crossing in December 2024, up by 50.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% 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

Dec 2023Dec 2024CHANGE
31 Days36 Days+16.1%

Summary: Homes in Grand Crossing had an average of 36 days on market in Dec 2024, up by 16.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grand Crossing are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 21 homes were sold in Grand Crossing; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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

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