$4,097 Closing Credit*
$345,000
2,755 SqFt
4 Beds
•1 Full Bath, 2 Partial
Rick Duffy, Listing Office: The Real Estate Group, Inc.
Is Leland Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$319,950
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,950(+11.1%)
Key Takeaway
Homes in Leland Grove have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Leland Grove was $319,950 in October 2024, up 11.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $192.5K | +6.9% |
| 3 Bedrooms | $265K | $254.9K | -3.8% |
| 4 Bedrooms | $415K | $320K | -22.9% |
| 5+ Bedrooms | $675K | $650K | -3.7% |
Summary: Leland Grove 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 increased by 6.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Woodside Township | $125K | $142.2K | +13.8% |
| Springfield | $149.4K | $167.2K | +11.9% |
| Leland Grove | $288K | $319.9K | +11.1% |
| Capital Township | $154.9K | $169.5K | +9.4% |
Housing Supply in Leland Grove, IL
How many homes are available in Leland Grove, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Leland Grove real estate market had 14 homes for sale in October 2024, a 27.3% increase 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 | 4 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Leland Grove 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Leland Grove in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 40 Days | +255.6% |
Summary: Homes in Leland Grove had an average of 40 days on market in Oct 2024, up by 255.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Leland Grove has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Leland Grove; 33% of homes were sold within 30 days, 67% 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.