Is Grundy County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grundy County is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Grundy County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grundy County, IL

How much do homes in Grundy County, IL cost?

Median Sold Price

$263,375

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$3,089(+1.2%)

Key Takeaway

Homes in Grundy County have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Grundy County was $263,375 in September 2024, up 1.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $75.4K$90K
+19.3%
2 $190K$210K
+10.5%
3 $249.9K$259.9K
+4.0%
4 $350K$352.5K
+0.7%
5+ $429K$365K
-14.9%

Summary: Grundy County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 14.9%.

Median Sold Price Compared To Nearby Counties

Kendall County
+12.1%
Will County
+8.0%
LaSalle County
+6.3%
Livingston County
+5.4%
Grundy County
+1.2%

Housing Supply in Grundy County, IL

How many homes are available in Grundy County, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
169170+0.6%

Summary: The Grundy County real estate market had 170 homes for sale in September 2024, a 0.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 2626
0.0%
3 8084
+5.0%
4 4745
-4.3%
5+ 1413
-7.1%

Summary: The Grundy County housing inventory by bedroom type for September 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 5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4638-17.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grundy County, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in Grundy County in September 2024, down by 17.4% month-over-month. Of the 38 sold homes, 29% were sold under asking, 37% were sold at asking, and 34% were sold over asking.

Days on Market for Grundy County, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
18 Days19 Days+5.4%

Summary: Homes in Grundy County had an average of 19 days on market in Sep 2024, up by 5.4% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 38 homes were sold in Grundy County; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% 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 29 Days Ago

Newest Listings in Grundy County, IL

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