$99,000
2.23 Acres
Land
Frank McCloud, Listing Office: Keller Williams Premier Realty
Is Groveland, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Groveland was a Neutral Market.
Key Takeaway
Groveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groveland, IL
How much do homes in Groveland, IL cost?
Median Sold Price
$270,000
$125/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Groveland has remained the same since last year.
Summary: The median home sold price in Groveland was $270,000 in October 2024, the same as last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $155K | N/A |
| 3 Bedrooms | $170.6K | $248.7K | +45.8% |
| 4 Bedrooms | $271K | $290K | +7.0% |
| 5+ Bedrooms | $565K | - | N/A |
Summary: Groveland 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 did not change, 3 bedroom homes increased by 45.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Morton | $236K | $274K | +16.1% |
| Morton Township | $237.5K | $274K | +15.4% |
| Elm Grove Township | $207.5K | $225K | +8.4% |
| Groveland Township | $152K | $159K | +4.6% |
| Groveland | $270K | $270K | 0.0% |
Housing Supply in Groveland, IL
How many homes are available in Groveland, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Groveland real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Groveland 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groveland, 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 Groveland in October 2024, up by 100.0% month-over-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 Groveland, IL
How long does it take to sell a home in Groveland, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 46 Days | +173.5% |
Summary: Homes in Groveland had an average of 46 days on market in Oct 2024, up by 173.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Groveland has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Groveland; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.