Is Batavia, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Batavia is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Batavia, IL

How much do homes in Batavia, IL cost?

Median Sold Price

$404,543

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$29,910(+8.0%)

Key Takeaway

Homes in Batavia have sold for 8% more than they did a year ago.

Summary: The median home sold price in Batavia was $404,543 in April 2024, up 8% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $142K$100K
-29.6%
2 $262.7K$291.7K
+11.0%
3 $335K$370.4K
+10.6%
4 $437.5K$476K
+8.8%
5+ $465K$690K
+48.4%

Summary: Batavia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 48.4%.

Median Sold Price Compared To Nearby Cities

Geneva
+10.7%
Geneva Township
+10.6%
Batavia Township
+9.6%
Batavia
+8.0%
Aurora
+7.1%

Housing Supply in Batavia, IL

How many homes are available in Batavia, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8597+14.1%

Summary: The Batavia real estate market had 97 homes for sale in April 2024, a 14.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1210
-16.7%
3 2730
+11.1%
4 3843
+13.2%
5+ 814
+75.0%

Summary: The Batavia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2728+3.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Batavia, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Batavia in April 2024, up by 3.7% month-over-month. Of the 28 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.

Days on Market for Batavia, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days23 Days-19.2%

Summary: Homes in Batavia had an average of 23 days on market in Apr 2024, down by 19.2% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 28 homes were sold in Batavia; 86% of homes were sold within 30 days, 11% 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 6 Days Ago

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