Trending Home Prices in Pingree Grove IL for February 2017

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What have home prices been doing in Pingree Grove this year?

Median home prices in Pingree Grove IL have risen slightly over the last few months.  We’re currently seeing a median list price of $247,245.  The chart below is a good comparison of median list prices vs. median sales prices in Pingree Grove IL for the last 12 months.  As you can see, home buyers and sellers have been fairly aligned this year.

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Are home prices in Pingree Grove IL going up or down?

Home prices in Pingree Grove jumped 50.6% in February compared to January.  The median sales price right now is $209,000.  The great news is that comparing this year-over-year and we see a 7.2% increase!  Pingree Grove homes are definitely appreciating and this trend is only expected to continue.

Is Pingree Grove in a buyers or sellers market right now?

If you’ve been on the fence about selling your home, now is a great time!  Inventory of homes for sale in Pingree Grove is low at 3.2 months.  Anything between 3-6 months could be considered a stable market so we’re just below that.  Inventory below 3 months puts us in a sellers market where prices can rise and market times fall.  Over 6 months and a buyers market takes over resulting in lower prices and longer market times.

What types of homes are for sale in Pingree Grove right now?

A lot of Pingree Grove homeowners may be concerned about foreclosures and short sales dragging down the market.  Actually, we’ve seen the numbers of bank-owned and distressed properties fall in Pingree Grove.  In February, 87% of homes for sale were traditional sales.  There were 2 foreclosures on the market, the lowest number all year.  Short sales are on the decline also with 6.  Home prices in Pingree Grove IL are not being affected by these factors.

How long is it taking to sell a home in Pingree Grove right now?

The median market time for a home in Pingree Grove is at 41 days.  This is the lowest it’s been in a while.  This could indicates a strong buyer pool that’s remained active.

Want a rough idea of your home’s current value?

Fill out the form below to view an online analysis of your Pingree Grove IL home price.  While not as accurate as meeting with us in person, it can help you determine if selling your Pingree Grove home makes sense right now.

Looking for something more accurate?

The Kombrink Lobrillo Team at RE/MAX All Pro takes a very analytical approach to pricing your home.  Using a process similar to that of an actual home appraiser, our in-depth analysis produces a pricing strategy to get your home sold for top dollar in the least amount of time.  Combine that with our top notch marketing strategy and we’ll help you realize your real estate goals before you know it.

Contact our Pingree Grove Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home.  Matt can be reached at 630-488-3300.