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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Greenwood Township, IL

How much do homes in Greenwood Township, IL cost?

Median Sold Price

$297,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,000(+8.0%)

Key Takeaway

Homes in Greenwood Township have sold for 8% more than they did a year ago.

Summary: The median home sold price in Greenwood Township was $297,000 in October 2024, up 8% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$168.7K
+5.5%
2 $212.9K$209.9K
-1.4%
3 $290K$290K
0.0%
4 $352.2K$354.4K
+0.6%
5+ $332.5K$420K
+26.3%

Summary: Greenwood Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 26.3%.

Median Sold Price Compared To Nearby Cities

Woodstock
+16.2%
Wonder Lake
+12.9%
Greenwood Township
+8.0%
Bull Valley
+1.8%

Housing Supply in Greenwood Township, IL

How many homes are available in Greenwood Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
50500.0%

Summary: The Greenwood Township real estate market had 50 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1815
-16.7%
3 1620
+25.0%
4 1211
-8.3%
5+ 34
+33.3%

Summary: The Greenwood Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Greenwood Township in October 2024, up by 87.5% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.

Days on Market for Greenwood Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days16 Days-41.4%

Summary: Homes in Greenwood Township had an average of 16 days on market in Oct 2024, down by 41.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Greenwood Township; 80% of homes were sold within 30 days, 20% 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 16 Days Ago

Newest Listings in Greenwood Township, IL

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