$8,301 Closing Credit*
$699,000
3,800 SqFt
4 Beds
•3 Full Baths, 1 Partial
Misael Chacon, Listing Office: Beycome brokerage realty, LLC
Is Leland Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Leland Grove has remained a Seller's Market.
Key Takeaway
Leland Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leland Grove, IL
How much do homes in Leland Grove, IL cost?
Median Sold Price
$276,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$62,000(-18.3%)
Key Takeaway
Homes in Leland Grove have sold for 18.3% less than they did a year ago.
Summary: The median home sold price in Leland Grove was $276,000 in November 2024, down 18.3% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $192.5K | +6.9% |
| 3 Bedrooms | $268.5K | $255.7K | -4.7% |
| 4 Bedrooms | $425K | $319.9K | -24.7% |
| 5+ Bedrooms | $600K | $730K | +21.7% |
Summary: Leland Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 24.7%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Springfield | $150.7K | $169.9K | +12.7% |
| Woodside Township | $126.4K | $140K | +10.7% |
| Capital Township | $155K | $170.1K | +9.8% |
| Leland Grove | $338K | $276K | -18.3% |
Housing Supply in Leland Grove, IL
How many homes are available in Leland Grove, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Leland Grove real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Leland Grove 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 decreased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Leland Grove, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Leland Grove in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Leland Grove, IL
How long does it take to sell a home in Leland Grove, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 11 Days | -78.9% |
Summary: Homes in Leland Grove had an average of 11 days on market in Nov 2024, down by 78.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leland Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Leland Grove; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.