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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carpentersville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Carpentersville, IL

How much do homes in Carpentersville, IL cost?

Median Sold Price

$255,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+8.5%)

Key Takeaway

Homes in Carpentersville have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Carpentersville was $255,000 in May 2024, up 8.5% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $135K$170K
+25.9%
2 $197K$230K
+16.8%
3 $233K$252K
+8.2%
4 $383.7K$361K
-5.9%
5+ $360K$470K
+30.6%

Summary: Carpentersville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Cities

Dundee Township
+9.5%
Algonquin
+8.8%
Carpentersville
+8.5%
East Dundee
+2.0%
West Dundee
-4.8%

Housing Supply in Carpentersville, IL

How many homes are available in Carpentersville, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7173+2.8%

Summary: The Carpentersville real estate market had 73 homes for sale in May 2024, a 2.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1420
+42.9%
3 3532
-8.6%
4 1815
-16.7%
5+ 35
+66.7%

Summary: The Carpentersville 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 42.9%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2926-10.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carpentersville, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Carpentersville in May 2024, down by 10.3% month-over-month. Of the 26 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.

Days on Market for Carpentersville, IL

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

Average Sale Time

May 2023May 2024CHANGE
16 Days9 Days-41.2%

Summary: Homes in Carpentersville had an average of 9 days on market in May 2024, down by 41.2% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 26 homes were sold in Carpentersville; 96% of homes were sold within 30 days, 4% 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

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