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 November 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

$254,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,000(+5.4%)

Key Takeaway

Homes in Poplar Grove have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Poplar Grove was $254,000 in November 2024, up 5.4% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $177.7K$185K
+4.1%
3 $241.2K$236K
-2.2%
4 $242.2K$266.5K
+10.0%
5+ $270K$375K
+38.9%

Summary: Poplar 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 decreased by 2.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 38.9%.

Median Sold Price Compared To Nearby Cities

Belvidere Township
+20.5%
Poplar Grove Township
+6.9%
Poplar Grove
+5.4%
Caledonia Township
+2.9%

Housing Supply in Poplar Grove, IL

How many homes are available in Poplar Grove, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4839-18.8%

Summary: The Poplar Grove real estate market had 39 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 2622
-15.4%
4 1615
-6.3%
5+ 42
-50.0%

Summary: The Poplar 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 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poplar Grove, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Poplar Grove in November 2024, down by 40.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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

Nov 2023Nov 2024CHANGE
6 Days11 Days+87.4%

Summary: Homes in Poplar Grove had an average of 11 days on market in Nov 2024, up by 87.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was 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 November 2024, 9 homes were sold in Poplar Grove; 89% of homes were sold within 30 days, 11% 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 Poplar Grove, IL

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