Is Granville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granville is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Granville was a Seller's Market.

Key Takeaway

Granville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Granville, IL

How much do homes in Granville, IL cost?

Median Sold Price

$135,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,500(+5.1%)

Key Takeaway

Homes in Granville have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Granville was $135,000 in May 2024, up 5.1% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $80K$95K
+18.8%
3 $135K$150K
+11.1%
4 -$85.5K
N/A
5+ $210K$269.9K
+28.5%

Summary: Granville 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 18.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 28.5%.

Median Sold Price Compared To Nearby Cities

Granville
+5.1%
Granville Township
-4.3%

Housing Supply in Granville, IL

How many homes are available in Granville, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
660.0%

Summary: The Granville real estate market had 6 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 43
-25.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Granville 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Granville in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Granville, IL

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

Average Sale Time

May 2023May 2024CHANGE
11 Days9 Days-18.2%

Summary: Homes in Granville had an average of 9 days on market in May 2024, down by 18.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Granville; 100% of homes were sold within 30 days, 0% 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 9 Days Ago

Newest Listings in Granville, IL

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