Is Sugar Grove Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sugar Grove Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $259.7K | +12.9% |
3 Bedrooms | $325K | $347.5K | +6.9% |
4 Bedrooms | $410K | $435K | +6.1% |
5+ Bedrooms | $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 | $313.4K | $349.9K | +11.7% |
Sugar Grove | $385K | $429.5K | +11.6% |
Sugar Grove Township | $365K | $385K | +5.5% |
Montgomery | $289.9K | $283K | -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 2024 | May 2024 | CHANGE |
---|---|---|
60 | 67 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 30 | 32 | +6.7% |
5+ Bedrooms | 6 | 7 | +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 2024 | May 2024 | CHANGE |
---|---|---|
28 | 19 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 12 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
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.