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 March 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

$251,450

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,450(+8.9%)

Key Takeaway

Homes in Carpentersville have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Carpentersville was $251,450 in March 2024, up 8.9% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $133.7K$159.4K
+19.3%
2 $199.9K$228.5K
+14.3%
3 $230K$250K
+8.7%
4 $378.7K$386K
+1.9%
5+ $455K$447.4K
-1.7%

Summary: Carpentersville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Cities

Carpentersville
+8.9%
Dundee Township
+8.7%
East Dundee
+8.5%
Algonquin
+6.4%
West Dundee
-5.8%

Housing Supply in Carpentersville, IL

How many homes are available in Carpentersville, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6768+1.5%

Summary: The Carpentersville real estate market had 68 homes for sale in March 2024, a 1.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1414
0.0%
3 3732
-13.5%
4 1116
+45.5%
5+ 45
+25.0%

Summary: The Carpentersville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2220-9.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carpentersville, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Carpentersville in March 2024, down by 9.1% month-over-month. Of the 20 sold homes, 40% were sold under asking, 25% were sold at asking, and 35% 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

Mar 2023Mar 2024CHANGE
18 Days26 Days+45.1%

Summary: Homes in Carpentersville had an average of 26 days on market in Mar 2024, up by 45.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 March 2024, 20 homes were sold in Carpentersville; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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 26 Days Ago

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