Is Saint Charles, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Charles is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Saint Charles, IL

How much do homes in Saint Charles, IL cost?

Median Sold Price

$393,666

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,500(+4.4%)

Key Takeaway

Homes in Saint Charles have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Saint Charles was $393,666 in May 2024, up 4.4% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $260K$128.5K
-50.6%
2 $290K$315K
+8.6%
3 $335K$373K
+11.3%
4 $545K$488.7K
-10.3%
5+ $577.7K$695K
+20.3%

Summary: Saint Charles housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.6%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

Wayne
+12.3%
Geneva Township
+9.8%
Geneva
+9.7%
Saint Charles Township
+6.3%
Saint Charles
+4.4%

Housing Supply in Saint Charles, IL

How many homes are available in Saint Charles, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
115135+17.4%

Summary: The Saint Charles real estate market had 135 homes for sale in May 2024, a 17.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2125
+19.0%
3 5258
+11.5%
4 3638
+5.6%
5+ 614
+133.3%

Summary: The Saint Charles 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 19%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 133.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3252+62.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Charles, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in Saint Charles in May 2024, up by 62.5% month-over-month. Of the 52 sold homes, 15% were sold under asking, 23% were sold at asking, and 62% were sold over asking.

Days on Market for Saint Charles, IL

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

Average Sale Time

May 2023May 2024CHANGE
11 Days13 Days+14.3%

Summary: Homes in Saint Charles had an average of 13 days on market in May 2024, up by 14.3% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 52 homes were sold in Saint Charles; 90% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 4% 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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