Is Grundy County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grundy County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Grundy County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grundy County, IL

How much do homes in Grundy County, IL cost?

Median Sold Price

$259,975

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,537(+4.6%)

Key Takeaway

Homes in Grundy County have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Grundy County was $259,975 in April 2024, up 4.6% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$82.4K
N/A
2 $175K$195K
+11.4%
3 $237.9K$253K
+6.3%
4 $350K$348.7K
-0.4%
5+ $400K$375K
-6.3%

Summary: Grundy County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Counties

Kendall County
+10.6%
LaSalle County
+9.1%
Will County
+7.4%
Grundy County
+4.6%
Livingston County
+0.7%

Housing Supply in Grundy County, IL

How many homes are available in Grundy County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
137154+12.4%

Summary: The Grundy County real estate market had 154 homes for sale in April 2024, a 12.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 3231
-3.1%
3 6566
+1.5%
4 3345
+36.4%
5+ 511
+120.0%

Summary: The Grundy County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 120%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
49490.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grundy County, you could pay more than the asking price. 49% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in Grundy County in April 2024, the same as the previous month. Of the 49 sold homes, 29% were sold under asking, 22% were sold at asking, and 49% were sold over asking.

Days on Market for Grundy County, IL

How long does it take to sell a home in Grundy County, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
19 Days23 Days+19.2%

Summary: Homes in Grundy County had an average of 23 days on market in Apr 2024, up by 19.2% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 49 homes were sold in Grundy County; 80% of homes were sold within 30 days, 12% 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 10 Days Ago

Newest Listings in Grundy County, IL

Nearby Markets to Grundy County, IL

What housing markets are near Grundy County, IL?