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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granville Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Granville Township was a Seller's Market.

Key Takeaway

Granville Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Granville Township, IL

How much do homes in Granville Township, IL cost?

Median Sold Price

$150,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+36.4%)

Key Takeaway

Homes in Granville Township have sold for 36.4% more than they did a year ago.

Summary: The median home sold price in Granville Township was $150,000 in October 2024, up 36.4% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $95K$92.5K
-2.6%
3 $135K$167K
+23.7%
4 $85.5K$214.5K
+150.9%
5+ $190K$193.9K
+2.1%

Summary: Granville Township 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 2.6%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 150.9%, and 5+ bedroom homes increased by 2.1%.

Housing Supply in Granville Township, IL

How many homes are available in Granville Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1112+9.1%

Summary: The Granville Township real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 56
+20.0%
4 32
-33.3%
5+ 12
+100.0%

Summary: The Granville Township 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granville Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Granville Township in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Granville Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
160 Days4 Days-97.2%

Summary: Homes in Granville Township had an average of 4 days on market in Oct 2024, down by 97.2% compared to last year.

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 Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Granville Township; 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 Township, IL

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