Is Pingree Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pingree Grove has remained a Seller's Market.
Housing Prices in Pingree Grove, IL
How much do homes in Pingree Grove, IL cost?
Median Sold Price
$301,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pingree Grove was $301,500 in May 2024, up 6.7% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $271K | +12.9% |
3 Bedrooms | $270K | $285K | +5.6% |
4 Bedrooms | $389K | $398.7K | +2.5% |
5+ Bedrooms | $400K | $455K | +13.8% |
Summary: Pingree Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
Elgin | $270.3K | $314.9K | +16.5% |
Plato Township | $485K | $524.9K | +8.2% |
Pingree Grove | $282.6K | $301.5K | +6.7% |
Rutland Township | $300K | $319.3K | +6.5% |
Hampshire | $375K | $379.9K | +1.3% |
Housing Supply in Pingree Grove, IL
How many homes are available in Pingree Grove, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 55 | -5.2% |
Summary: The Pingree Grove real estate market had 55 homes for sale in May 2024, a 5.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 10 | 7 | -30.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Pingree Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Pingree Grove in May 2024, up by 26.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for Pingree Grove, IL
How long does it take to sell a home in Pingree Grove, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 11 Days | -16.8% |
Summary: Homes in Pingree Grove had an average of 11 days on market in May 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Pingree Grove; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.