Grundy County, IL Home Values & Market Trends

The median home price in Grundy County, IL is $286,291.67. There were 711 home sales in Grundy County, IL over the past 12 months. The median residential Grundy County, IL home value for transactions over the previous year is $240,000. The number of current listings in Grundy County, IL is 16, and the percentage of properties for sale is 16.00%. The county has 41 foreclosures, 6 bank owned properties, 13 headed for auction, and 16 properties for sale.

Grundy County, IL Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Minooka

$ 373,847

$ 170/sqft

Braceville

$ --

$ --

Morris

$ 298,178

$ 129/sqft

Kinsman

$ --

$ --

Coal City

$ 338,330

$ --

South Wilmington

$ --

$ --

Verona

$ 237,243

$ 128/sqft

Gardner

$ --

$ --

Mazon

$ 168,500

$ 115/sqft

Housing Market Summary for Grundy County, IL

Apr 2023March 2024Change
Median Listing Price$300K$275K-8.33%
Median Sold Price$266.6K$275K3.13%
Homes For Sale179-47.06%
Homes Sold29232511.30%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Grundy County, IL

Grundy County, IL home values range from $24,751 to $2,656,940. Minooka is the priciest city with a median listing home price of $348,950, and Mazon is most affordable with average house prices of around $159,900.

Foreclosure
There are 9 cities within Grundy County, IL; within these cities, the median estimated home value for homes in foreclosure ranges from $448,600 in Verona to the lowest value of $59,950 in Verona. Foreclosure homes account for 0.00% of properties in Grundy County, IL with Minooka containing 20 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.15% of all residential properties in Grundy County, IL with Minooka containing 16 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 9 cities within Grundy County, IL; of those cities, the estimated home value for pre-foreclosure homes ranges from $448,600 in Minooka to the lowest home value of $85,000 in Coal City.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Grundy County, IL ranges from the highest value of $247,250 in Coal City to the lowest value of $59,950 in Verona. Bank owned homes and properties account for 0.04% of properties in Grundy County, IL. There are 9 cities within Grundy County, IL; Gardner containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Coal City has 4 auction properties, the highest number of properties going to auction in a single city in the state of Grundy County, IL. Auction homes and other auction properties account for 0.09% of all properties in Grundy County, IL. There are 9 cities within Grundy County, IL; of those cities, the median estimated home value for homes going to auction ranges from $277,587 in Morris to the lowest value of $119,339 in Morris.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.11% of residential properties in Grundy County, IL with Minooka containing 6 homes for sale, the highest number of listed properties in a single city. There are 9 cities within Grundy County, IL; homes for sale in those cities, have a range of median values from $338,330 in Coal City to the lowest value of $168,500 in Mazon.
    Sold Homes
    The median value for recently sold homes ranges from $525,722 in Gardner to the lowest price of $83,365 in Gardner. There are 9 cities within Grundy County, IL. Morris has 147 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.40% of properties in Grundy County, IL.

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      Guide for Grundy County, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
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      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Market Reports|posted 17 April 2024

      Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.

      Recently Listed Homes Grundy County, IL

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