Is Fox River Grove, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fox River Grove is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Fox River Grove was a Seller's Market.

Key Takeaway

Fox River Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fox River Grove, IL

How much do homes in Fox River Grove, IL cost?

Median Sold Price

$347,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$66,500(+23.7%)

Key Takeaway

Homes in Fox River Grove have sold for 23.7% more than they did a year ago.

Summary: The median home sold price in Fox River Grove was $347,500 in September 2024, up 23.7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $100.9K$171.2K
+69.6%
2 $224.5K$252.5K
+12.5%
3 $280K$334.2K
+19.4%
4 $433K$450K
+3.9%
5+ $525K$451K
-14.1%

Summary: Fox River Grove housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Cities

Barrington Hills
+25.7%
Fox River Grove
+23.7%
Cuba Township
+13.3%
Algonquin Township
+7.4%
Lake Barrington
+6.6%

Housing Supply in Fox River Grove, IL

How many homes are available in Fox River Grove, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1518+20.0%

Summary: The Fox River Grove real estate market had 18 homes for sale in September 2024, a 20.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 48
+100.0%
4 75
-28.6%
5+ 11
0.0%

Summary: The Fox River Grove housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fox River Grove, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Fox River Grove in September 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Fox River Grove, IL

How long does it take to sell a home in Fox River Grove, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
5 Days4 Days-31.4%

Summary: Homes in Fox River Grove had an average of 4 days on market in Sep 2024, down by 31.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Fox River Grove; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Fox River Grove, IL

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