Is Batavia, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Batavia is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Batavia has remained a Seller's Market.

Key Takeaway

Batavia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Batavia, IL

How much do homes in Batavia, IL cost?

Median Sold Price

$408,850

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,850(+7.6%)

Key Takeaway

Homes in Batavia have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Batavia was $408,850 in May 2024, up 7.6% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$100K
N/A
2 $261K$296K
+13.4%
3 $355K$377.2K
+6.3%
4 $440.5K$476K
+8.1%
5+ $477.5K$612.5K
+28.3%

Summary: Batavia 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 13.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 28.3%.

Median Sold Price Compared To Nearby Cities

Geneva Township
+9.8%
Geneva
+9.7%
Batavia Township
+7.9%
Batavia
+7.6%
Aurora
+7.1%

Housing Supply in Batavia, IL

How many homes are available in Batavia, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
94108+14.9%

Summary: The Batavia real estate market had 108 homes for sale in May 2024, a 14.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 3034
+13.3%
4 4249
+16.7%
5+ 1113
+18.2%

Summary: The Batavia 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 9.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3140+29.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Batavia, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in Batavia in May 2024, up by 29.0% month-over-month. Of the 40 sold homes, 45% were sold under asking, 8% were sold at asking, and 48% were sold over asking.

Days on Market for Batavia, IL

How long does it take to sell a home in Batavia, IL?

Average Sale Time

May 2023May 2024CHANGE
26 Days12 Days-53.8%

Summary: Homes in Batavia had an average of 12 days on market in May 2024, down by 53.8% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Batavia are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 40 homes were sold in Batavia; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Batavia, IL

Nearby Markets to Batavia, IL

What housing markets are near Batavia, IL?