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 March 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

$305,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-3.2%)

Key Takeaway

Homes in Fox River Grove have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Fox River Grove was $305,000 in March 2024, down 3.2% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $112K-
N/A
2 $217.4K$247.7K
+13.9%
3 $325K$296K
-8.9%
4 $392.5K$426.5K
+8.7%
5+ $525K$446.5K
-15.0%

Summary: Fox River Grove 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 13.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Cities

Algonquin Township
+7.9%
Lake Barrington
+2.6%
Cuba Township
-2.0%
Fox River Grove
-3.2%
Barrington Hills
-12.8%

Housing Supply in Fox River Grove, IL

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1520+33.3%

Summary: The Fox River Grove real estate market had 20 homes for sale in March 2024, a 33.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 12
+100.0%
3 69
+50.0%
4 77
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fox River Grove, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Fox River Grove in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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

Mar 2023Mar 2024CHANGE
17 Days14 Days-16.3%

Summary: Homes in Fox River Grove had an average of 14 days on market in Mar 2024, down by 16.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was 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 March 2024, 7 homes were sold in Fox River Grove; 86% of homes were sold within 30 days, 14% 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 19 Days Ago

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