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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Villa Grove is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Villa Grove was a Buyer's Market.

Key Takeaway

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

Housing Prices in Villa Grove, IL

How much do homes in Villa Grove, IL cost?

Median Sold Price

$135,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,000(+32.4%)

Key Takeaway

Homes in Villa Grove have sold for 32.4% more than they did a year ago.

Summary: The median home sold price in Villa Grove was $135,000 in November 2024, up 32.4% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $69.5K$69K
-0.7%
3 $140K$130K
-7.1%
4 $192.5K$215K
+11.7%
5+ $137.5K$205K
+49.1%

Summary: Villa 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 decreased by 0.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 49.1%.

Median Sold Price Compared To Nearby Cities

Camargo Township
+38.5%
Villa Grove
+32.4%

Housing Supply in Villa Grove, IL

How many homes are available in Villa Grove, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1512-20.0%

Summary: The Villa Grove real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 96
-33.3%
4 33
0.0%
5+ 11
0.0%

Summary: The Villa 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villa Grove, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Villa Grove in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Villa Grove, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
3 Days22 Days+633.3%

Summary: Homes in Villa Grove had an average of 22 days on market in Nov 2024, up by 633.3% compared to last year.

Breakdown of Home Sale Times

2 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 Villa Grove are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Villa Grove; 67% of homes were sold within 30 days, 33% 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 2 Days Ago

Newest Listings in Villa Grove, IL

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