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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grant Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Grant Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grant Township, IL

How much do homes in Grant Township, IL cost?

Median Sold Price

$270,625

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,625(+4.5%)

Key Takeaway

Homes in Grant Township have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Grant Township was $270,625 in October 2024, up 4.5% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K$160.2K
+23.3%
2 $205K$225K
+9.8%
3 $259.7K$281.4K
+8.4%
4 $355K$370K
+4.2%
5+ $465K$450K
-3.2%

Summary: Grant Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Cities

Volo
+22.9%
Lakemoor
+16.5%
Round Lake
+7.5%
Fox Lake
+4.8%
Grant Township
+4.5%

Housing Supply in Grant Township, IL

How many homes are available in Grant Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
136132-2.9%

Summary: The Grant Township real estate market had 132 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 52
-60.0%
2 4852
+8.3%
3 5550
-9.1%
4 2224
+9.1%
5+ 64
-33.3%

Summary: The Grant Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4235-16.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grant Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Grant Township in October 2024, down by 16.7% month-over-month. Of the 35 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Grant Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days31 Days+78.0%

Summary: Homes in Grant Township had an average of 31 days on market in Oct 2024, up by 78% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 35 homes were sold in Grant Township; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% 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 16 Days Ago

Newest Listings in Grant Township, IL

Nearby Markets to Grant Township, IL

What housing markets are near Grant Township, IL?