Is Pingree Grove, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pingree Grove is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Pingree Grove has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pingree Grove, IL

How much do homes in Pingree Grove, IL cost?

Median Sold Price

$287,500

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,500(-1.9%)

Key Takeaway

Homes in Pingree Grove have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Pingree Grove was $287,500 in November 2024, down 1.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $264.2K$275K
+4.1%
3 $284.9K$287K
+0.7%
4 $390K$405K
+3.8%
5+ $455K$430K
-5.5%

Summary: Pingree 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 4.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Elgin
+12.2%
Plato Township
+6.7%
Rutland Township
+5.4%
Pingree Grove
-1.9%
Hampshire
-5.0%

Housing Supply in Pingree Grove, IL

How many homes are available in Pingree Grove, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5256+7.7%

Summary: The Pingree Grove real estate market had 56 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2621
-19.2%
3 2024
+20.0%
4 611
+83.3%
5+ 00
0.0%

Summary: The Pingree 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 19.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pingree Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Pingree Grove in November 2024, the same as the previous month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.

Days on Market for Pingree Grove, IL

How long does it take to sell a home in Pingree Grove, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days21 Days-3.0%

Summary: Homes in Pingree Grove had an average of 21 days on market in Nov 2024, down by 3% compared to last year.

Breakdown of Home Sale Times

11 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 Pingree Grove are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Pingree Grove; 79% of homes were sold within 30 days, 21% 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 21 Days Ago

Newest Listings in Pingree Grove, IL

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