Is Granville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granville is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Granville was a Buyer's Market.

Key Takeaway

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

Housing Prices in Granville, IL

How much do homes in Granville, IL cost?

Median Sold Price

$162,500

$93/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$61,500(-27.5%)

Key Takeaway

Homes in Granville have sold for 27.5% less than they did a month ago.

Summary: The median home sold price in Granville was $162,500 in November 2024, down 27.5% from last month, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$162.5K
N/A
4 $224K-
N/A
5+ --
N/A

Summary: Granville housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Granville, IL

How many homes are available in Granville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
911+22.2%

Summary: The Granville real estate market had 11 homes for sale in November 2024, a 22.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 57
+40.0%
4 22
0.0%
5+ 22
0.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Granville in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Granville, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
4 Days14 Days+262.5%

Summary: Homes in Granville had an average of 14 days on market in Nov 2024, up by 262.5% 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 Granville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Granville; 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 21 Days Ago

Newest Listings in Granville, IL

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