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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Fox River Grove has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fox River Grove, IL

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

Median Sold Price

$360,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$78,000(+27.7%)

Key Takeaway

Homes in Fox River Grove have sold for 27.7% more than they did a year ago.

Summary: The median home sold price in Fox River Grove was $360,000 in October 2024, up 27.7% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100.9K$171.2K
+69.6%
2 $202.5K$255K
+25.9%
3 $280K$345K
+23.2%
4 $421.4K$450K
+6.8%
5+ $488K$447.5K
-8.3%

Summary: Fox River Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.6%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Cities

Fox River Grove
+27.7%
Barrington Hills
+18.1%
Cuba Township
+8.9%
Algonquin Township
+7.9%
Lake Barrington
+4.6%

Housing Supply in Fox River Grove, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1622+37.5%

Summary: The Fox River Grove real estate market had 22 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 22
0.0%
3 710
+42.9%
4 57
+40.0%
5+ 11
0.0%

Summary: The Fox River Grove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fox River Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Fox River Grove in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
18 Days10 Days-43.1%

Summary: Homes in Fox River Grove had an average of 10 days on market in Oct 2024, down by 43.1% compared to last year.

Breakdown of Home Sale Times

4 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 October 2024, 4 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 3 Days Ago

Newest Listings in Fox River Grove, IL

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