Is Sugar Grove Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Grove Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Sugar Grove Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sugar Grove Township, IL

How much do homes in Sugar Grove Township, IL cost?

Median Sold Price

$385,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+5.5%)

Key Takeaway

Homes in Sugar Grove Township have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Sugar Grove Township was $385,000 in May 2024, up 5.5% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $230K$259.7K
+12.9%
3 $325K$347.5K
+6.9%
4 $410K$435K
+6.1%
5+ $442K$606K
+37.1%

Summary: Sugar Grove Township 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 12.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 37.1%.

Median Sold Price Compared To Nearby Cities

Bristol Township
+11.7%
Sugar Grove
+11.6%
Sugar Grove Township
+5.5%
Montgomery
-2.4%

Housing Supply in Sugar Grove Township, IL

How many homes are available in Sugar Grove Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6067+11.7%

Summary: The Sugar Grove Township real estate market had 67 homes for sale in May 2024, a 11.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 87
-12.5%
3 1620
+25.0%
4 3032
+6.7%
5+ 67
+16.7%

Summary: The Sugar Grove Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2819-32.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Grove Township, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Sugar Grove Township in May 2024, down by 32.1% month-over-month. Of the 19 sold homes, 16% were sold under asking, 37% were sold at asking, and 47% were sold over asking.

Days on Market for Sugar Grove Township, IL

How long does it take to sell a home in Sugar Grove Township, IL?

Average Sale Time

May 2023May 2024CHANGE
8 Days12 Days+42.0%

Summary: Homes in Sugar Grove Township had an average of 12 days on market in May 2024, up by 42% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 19 homes were sold in Sugar Grove Township; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% 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 Sugar Grove Township, IL

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