Is Gilberts, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gilberts has remained a Seller's Market.
Housing Prices in Gilberts, IL
How much do homes in Gilberts, IL cost?
Median Sold Price
$334,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gilberts was $334,000 in May 2024, up 11.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $236K | $275K | +16.5% |
3 Bedrooms | $289.9K | $327.5K | +13.0% |
4 Bedrooms | $410.5K | $452.4K | +10.2% |
5+ Bedrooms | $580K | $522.5K | -9.9% |
Summary: Gilberts housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
Elgin | $270.3K | $314.9K | +16.5% |
Gilberts | $300K | $334K | +11.3% |
Dundee Township | $255.8K | $280.2K | +9.5% |
Rutland Township | $300K | $319.3K | +6.5% |
West Dundee | $367.5K | $350K | -4.8% |
Housing Supply in Gilberts, IL
How many homes are available in Gilberts, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 40 | +33.3% |
Summary: The Gilberts real estate market had 40 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 12 | +100.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Gilberts housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Gilberts in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for Gilberts, IL
How long does it take to sell a home in Gilberts, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -52.0% |
Summary: Homes in Gilberts had an average of 8 days on market in May 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Gilberts; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.