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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poplar Grove is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Poplar Grove, IL

How much do homes in Poplar Grove, IL cost?

Median Sold Price

$255,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+5.2%)

Key Takeaway

Homes in Poplar Grove have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Poplar Grove was $255,000 in October 2024, up 5.2% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $177.7K$185K
+4.1%
3 $242.5K$250K
+3.1%
4 $245K$265.5K
+8.4%
5+ $270K$375K
+38.9%

Summary: Poplar 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 4.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 38.9%.

Median Sold Price Compared To Nearby Cities

Belvidere Township
+17.9%
Caledonia Township
+14.3%
Poplar Grove Township
+5.4%
Poplar Grove
+5.2%

Housing Supply in Poplar Grove, IL

How many homes are available in Poplar Grove, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4351+18.6%

Summary: The Poplar Grove real estate market had 51 homes for sale in October 2024, a 18.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 2127
+28.6%
4 1317
+30.8%
5+ 55
0.0%

Summary: The Poplar 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 decreased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poplar Grove, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Poplar Grove in October 2024, up by 87.5% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Poplar Grove, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days21 Days+37.1%

Summary: Homes in Poplar Grove had an average of 21 days on market in Oct 2024, up by 37.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Poplar Grove; 73% of homes were sold within 30 days, 27% 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 20 Days Ago

Newest Listings in Poplar Grove, IL

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