Is Sycamore, 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, Sycamore has remained a Seller's Market.
Housing Prices in Sycamore, IL
How much do homes in Sycamore, IL cost?
Median Sold Price
$312,450
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sycamore was $312,450 in May 2024, up 24.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $285K | N/A |
2 Bedrooms | $175K | $220K | +25.7% |
3 Bedrooms | $251K | $321.8K | +28.2% |
4 Bedrooms | $332K | $385K | +16.0% |
5+ Bedrooms | $400K | $359K | -10.3% |
Summary: Sycamore 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 25.7%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
Sycamore | $250.7K | $312.4K | +24.6% |
Sycamore Township | $251.1K | $312.4K | +24.4% |
DeKalb | $195K | $224.7K | +15.2% |
DeKalb Township | $198.1K | $221.7K | +11.9% |
Cortland Township | $261.5K | $285.9K | +9.3% |
Housing Supply in Sycamore, IL
How many homes are available in Sycamore, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 105 | +8.2% |
Summary: The Sycamore real estate market had 105 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 29 | 23 | -20.7% |
3 Bedrooms | 35 | 46 | +31.4% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Sycamore 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 decreased by 20.7%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Sycamore in May 2024, up by 26.1% month-over-month. Of the 29 sold homes, 34% were sold under asking, 21% were sold at asking, and 45% were sold over asking.
Days on Market for Sycamore, IL
How long does it take to sell a home in Sycamore, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 32 Days | +39.5% |
Summary: Homes in Sycamore had an average of 32 days on market in May 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Sycamore; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.