Is Carol Stream, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carol Stream is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Carol Stream, IL

How much do homes in Carol Stream, IL cost?

Median Sold Price

$325,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,250(+4.9%)

Key Takeaway

Homes in Carol Stream have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Carol Stream was $325,000 in March 2024, up 4.9% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $128K$145K
+13.3%
2 $232.5K$240K
+3.2%
3 $310K$328K
+5.8%
4 $391K$430K
+10.0%
5+ $561.2K$535K
-4.7%

Summary: Carol Stream housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Cities

Wheaton
+10.5%
Bloomingdale Township
+7.3%
Glendale Heights
+6.2%
Carol Stream
+4.9%
Bloomingdale
0.0%

Housing Supply in Carol Stream, IL

How many homes are available in Carol Stream, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7587+16.0%

Summary: The Carol Stream real estate market had 87 homes for sale in March 2024, a 16.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 13
+200.0%
2 1924
+26.3%
3 3435
+2.9%
4 1924
+26.3%
5+ 21
-50.0%

Summary: The Carol Stream housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2534+36.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carol Stream, you could pay more than the asking price. 67.6% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in Carol Stream in March 2024, up by 36.0% month-over-month. Of the 34 sold homes, 21% were sold under asking, 12% were sold at asking, and 68% were sold over asking.

Days on Market for Carol Stream, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days13 Days-61.0%

Summary: Homes in Carol Stream had an average of 13 days on market in Mar 2024, down by 61% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 34 homes were sold in Carol Stream; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% 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 24 Days Ago

Newest Listings in Carol Stream, IL

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