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 September 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

$255,666

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,666(+8.8%)

Key Takeaway

Homes in Carpentersville have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Carpentersville was $255,666 in September 2024, up 8.8% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $152.5K$172.5K
+13.1%
2 $210K$239K
+13.8%
3 $231K$255K
+10.4%
4 $390K$367.5K
-5.8%
5+ $305.5K$499.5K
+63.5%

Summary: Carpentersville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 63.5%.

Median Sold Price Compared To Nearby Cities

West Dundee
+24.8%
East Dundee
+11.1%
Dundee Township
+9.6%
Carpentersville
+8.8%
Algonquin
+8.7%

Housing Supply in Carpentersville, IL

How many homes are available in Carpentersville, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7973-7.6%

Summary: The Carpentersville real estate market had 73 homes for sale in September 2024, a 7.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 1915
-21.1%
3 3837
-2.6%
4 1514
-6.7%
5+ 65
-16.7%

Summary: The Carpentersville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3021-30.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 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. 38.1% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Carpentersville in September 2024, down by 30.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 29% were sold at asking, and 38% 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

Sep 2023Sep 2024CHANGE
9 Days10 Days+13.5%

Summary: Homes in Carpentersville had an average of 10 days on market in Sep 2024, up by 13.5% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

0 Homes Were 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 September 2024, 21 homes were sold in Carpentersville; 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.

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

Report Updated 30 Days Ago

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