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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poplar Grove Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Poplar Grove Township, IL

How much do homes in Poplar Grove Township, IL cost?

Median Sold Price

$235,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,500(+4.7%)

Key Takeaway

Homes in Poplar Grove Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Poplar Grove Township was $235,000 in April 2024, up 4.7% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $250K$165K
-34.0%
3 $227.5K$241.2K
+6.0%
4 $214.9K$224K
+4.2%
5+ $195K$243K
+24.6%

Summary: Poplar Grove Township 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 decreased by 34%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 24.6%.

Median Sold Price Compared To Nearby Cities

Caledonia Township
+11.4%
Poplar Grove Township
+4.7%
Poplar Grove
-10.4%

Housing Supply in Poplar Grove Township, IL

How many homes are available in Poplar Grove Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2431+29.2%

Summary: The Poplar Grove Township real estate market had 31 homes for sale in April 2024, a 29.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1216
+33.3%
4 913
+44.4%
5+ 11
0.0%

Summary: The Poplar Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poplar Grove Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Poplar Grove Township in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Poplar Grove Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days32 Days+2.1%

Summary: Homes in Poplar Grove Township had an average of 32 days on market in Apr 2024, up by 2.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 6 homes were sold in Poplar Grove Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 19 Days Ago

Newest Listings in Poplar Grove Township, IL

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