Updated housing market forecast with median home price, inventory pressure, selling speed, and buyer timing insights
Data through May 2026 · Source: Redfin market data
$878K
Median Sale Price
62
Days on Market
4.1
Months of Supply
-15.1%
YoY Change
Balanced Market
Market Type
Low Transaction Volume
Long Grove has fewer than 10 home sales per month. Market data may be less reliable due to limited transactions. Consider viewing data for nearby larger markets for more stable trends.
Market conditions in Long Grove favor neither buyers nor sellers significantly.
Best Month to Buy
Feb
Typically lowest prices
Most Expensive Month
Jun
Peak pricing period
Seasonal Pattern
Winter is cheapest
Current DOM
62
days
Average DOM
101
days
Fastest
11
days
Slowest
328
days
Homes are currently selling faster than usual in Long Grove.
View detailed selling time analysis →The Long Grove housing market is currently characterized as a balanced market. With a median sale price of $878K and homes spending an average of 62 days on the market, conditions are relatively balanced between buyers and sellers.
The median home price in Long Grove, IL is currently $878K. Buyers can use that number as a quick benchmark for affordability, while sellers can use it to sense-check list price expectations. For better context, compare this figure with inventory levels, sale-to-list ratio, and neighborhood-level demand before making a move.
Homes in Long Grove are averaging 62 days on market. That metric helps show whether listings are moving quickly or sitting long enough for buyers to negotiate. If median days on market starts falling while inventory stays tight, sellers usually gain more leverage.
Buyers should compare current pricing, inventory, and seasonal trends before making an offer. If you want the lowest typical prices, review our best time to buy in Long Grove guide. Sellers should also review our how long homes take to sell in Long Grove analysis.
The balanced market conditions mean you can take a measured approach to buying, though well-priced homes will still attract multiple offers.
If you are buying, watch months of supply, price cuts, and how often homes sell above list. If you are selling, focus on pricing strategy and median days on market. In a fast market, buying sooner may protect you from higher prices. In a slower market, waiting can give you more leverage and more choices.
Homes in Long Grove are selling at 101.8% of their list price on average. Approximately 57% of homes sell above asking price. The typical time to sell is 62 days from listing to closing. Check current real estate commission rates in Illinois to understand your selling costs.
For deeper timing data, review our best time to buy in Long Grove page and our how long it takes to sell in Long Grove report. If you want boots-on-the-ground advice, connect with a local real estate agent who knows the Long Grove market block by block.
Based on current trends, here is our data-driven outlook for the Long Grove real estate market heading into 2027.
A 15.1% decline signals a significant correction. Buyers may find better deals as sellers adjust expectations.
With 4.1 months of supply, the market is approaching balance. Neither buyers nor sellers hold a decisive advantage.
With 62 days on market, homes are taking longer to sell. Strategic pricing will be key for sellers in 2027.
Bottom line: The Long Grove market is balanced. Both buyers and sellers benefit from having a skilled local real estate agent to navigate current conditions. Find a Long Grove real estate agent to get personalized market advice.
You can also compare nearby markets, review monthly price trends, and track days on market to spot when negotiating power is shifting. Those signals often matter just as much as headline median prices.
Long Grove, Illinois has a active with steady buyer interest real estate market in 2026. The median home price is $878K. Homes typically sell in 62 days. Working with a local agent helps you navigate the market and find the best opportunities.
The median home price in Long Grove, Illinois is $878K as of 2026. A local real estate agent can help you find homes within your budget and identify upcoming listings.
Houses in Long Grove, Illinois typically sell in 62 days on average. Market conditions favor strategic pricing and professional marketing. A top local agent can help sell your home faster and for the best price.
Real estate agent commissions in Long Grove, Illinois typically range from 5-6% of the sale price, split between buyer's and seller's agents. Our free matching service connects you with vetted local agents at no additional cost to you—we're compensated through standard referral fees from the agent's existing commission.
Long Grove, Illinois offers opportunities for first-time buyers, though prices may require first-time buyer assistance programs. Illinois offers several first-time buyer programs including down payment assistance. A local agent experienced with first-time buyers can guide you through the process and available programs.
Connect with a local expert who knows the Long Grove market.
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