Is Grafton Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grafton Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Grafton Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grafton Township, IL

How much do homes in Grafton Township, IL cost?

Median Sold Price

$373,425

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,558(+3.2%)

Key Takeaway

Homes in Grafton Township have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Grafton Township was $373,425 in April 2024, up 3.2% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $170.5K$278.8K
+63.5%
2 $299.9K$307.5K
+2.5%
3 $325K$349.5K
+7.5%
4 $435K$455K
+4.6%
5+ $500K$530K
+6.0%

Summary: Grafton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Crystal Lake
+21.7%
Lakewood
+7.4%
Grafton Township
+3.2%
Huntley
+1.4%
Lake in the Hills
+0.8%

Housing Supply in Grafton Township, IL

How many homes are available in Grafton Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
189234+23.8%

Summary: The Grafton Township real estate market had 234 homes for sale in April 2024, a 23.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 4755
+17.0%
3 5371
+34.0%
4 7387
+19.2%
5+ 1620
+25.0%

Summary: The Grafton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 34%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4261+45.2%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grafton Township, you could pay more than the asking price. 41% of homes here sold above asking price last month.

Summary: A total of 61 homes were sold or pending in Grafton Township in April 2024, up by 45.2% month-over-month. Of the 61 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.

Days on Market for Grafton Township, IL

How long does it take to sell a home in Grafton Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days23 Days-18.4%

Summary: Homes in Grafton Township had an average of 23 days on market in Apr 2024, down by 18.4% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 61 homes were sold in Grafton Township; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

Newest Listings in Grafton Township, IL

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What housing markets are near Grafton Township, IL?