Groveland, IL—61535
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Groveland, IL
As of Oct '25, the median home price in Groveland, IL is $293,000, with a year-over-year change of 7.1%. This indicates that home prices in Groveland, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 7.1% |
| Single Family | $293,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $266,000 | 6.8% |
4 Bed | $363,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Groveland, IL
Groveland, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Groveland, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Groveland, IL is 29. This is a decrease of -43.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $202,000 | -30.0% |
Listing Count | 8 | -14.0% |
| Listings as % of Homes | 0.0% | -14.0% |
Days on Market | 29 | -43.0% |
Demographics — Groveland, IL
As of the latest ACS Survey released in 2023, Groveland, IL has a population of 1,910, which has increased by 12.3% over the past 5 years. Groveland, IL is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,910 | 12.3% |
% Under 18 | 25.8% | -4.1% |
% Seniors | 15.8% | 3.3% |
% WFH | 13.8% | 187.5% |
% w/ College Degree | 36.0% | 33.3% |
As of the latest ACS Survey released in 2023, Groveland, IL is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Groveland, IL is asian, making up 5.6% of the population. Foreign-born residents account for 5.0% of the population in Groveland, IL, and this percentage has increased by 138.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.1% | -8.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | N/A |
% Asian | 5.6% | ∞% |
% Foreign Born | 5.0% | 138.1% |
Mortgage and Risk — Groveland, IL
Groveland, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Groveland, IL
Groveland, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Groveland, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $293,000 |
| Median Household Income | $139,000 |