Updated housing market forecast with median home price, inventory pressure, selling speed, and buyer timing insights
Data through July 2026 · Source: Redfin market data
$1.10M
Median Sale Price
53
Days on Market
4.0
Months of Supply
+3.5%
YoY Change
Balanced Market
Market Type
Market conditions in Long Grove favor neither buyers nor sellers significantly.
Quick market answer
Long Grove is currently a balanced market with a median sale price of $1.10M, homes taking about 53 days to sell, and 4.0 months of supply. Buyers and sellers should watch new listings, price cuts, and days on market because leverage can shift quickly in a balanced market.
Best Month to Buy
Mar
Typically lowest prices
Most Expensive Month
Jul
Peak pricing period
Seasonal Pattern
Spring/Summer has premium pricing
Current DOM
53
days
Average DOM
92
days
Fastest
11
days
Slowest
258
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 $1.10M and homes spending an average of 53 days on the market, conditions are relatively balanced between buyers and sellers.
The median home price in Long Grove, IL is currently $1.10M. 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 53 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. The seasonal pattern above shows which months typically have the lowest prices. 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 99.3% of their list price on average. Approximately 56% of homes sell above asking price. The typical time to sell is 53 days from listing to closing. Check current real estate commission rates in Illinois to understand your selling costs.
For deeper timing data, review 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.
Prices in Long Grove are rising at 3.5% year-over-year. This pace suggests continued appreciation, though at a potentially moderating rate as inventory adjusts.
With 4.0 months of supply, the market is approaching balance. Neither buyers nor sellers hold a decisive advantage.
At 53 days on market, homes sell at a moderate pace. Proper pricing and staging remain essential for quick sales.
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 $1.1M. Homes typically sell in 53 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 $1.1M 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 53 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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