Is Cary, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cary has remained a Seller's Market.
Housing Prices in Cary, IL
How much do homes in Cary, IL cost?
Median Sold Price
$331,163
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cary was $331,163 in March 2024, up 6.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $172K | N/A |
2 Bedrooms | $220K | $248K | +12.7% |
3 Bedrooms | $290K | $309.9K | +6.9% |
4 Bedrooms | $379K | $420K | +10.8% |
5+ Bedrooms | $420.7K | $437.4K | +4.0% |
Summary: Cary housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $285K | $345.5K | +21.3% |
Algonquin Township | $300.1K | $323.9K | +7.9% |
Cary | $310K | $331.1K | +6.8% |
Algonquin | $344.9K | $367K | +6.4% |
Housing Supply in Cary, IL
How many homes are available in Cary, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 65 | +3.2% |
Summary: The Cary real estate market had 65 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Cary 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 increased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Cary in March 2024, the same as the previous month. Of the 20 sold homes, 25% were sold under asking, 30% were sold at asking, and 45% were sold over asking.
Days on Market for Cary, IL
How long does it take to sell a home in Cary, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 27 Days | +12.3% |
Summary: Homes in Cary had an average of 27 days on market in Mar 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Cary; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.