Is Gilberts, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilberts is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Gilberts has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gilberts, IL

How much do homes in Gilberts, IL cost?

Median Sold Price

$329,775

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$29,775(+9.9%)

Key Takeaway

Homes in Gilberts have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Gilberts was $329,775 in March 2024, up 9.9% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $234K$258K
+10.3%
3 $289.9K$324.9K
+12.1%
4 $411K$430K
+4.6%
5+ -$537.5K
N/A

Summary: Gilberts 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 10.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elgin
+13.0%
Gilberts
+9.9%
Dundee Township
+8.7%
Rutland Township
+5.6%
West Dundee
-5.8%

Housing Supply in Gilberts, IL

How many homes are available in Gilberts, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2123+9.5%

Summary: The Gilberts real estate market had 23 homes for sale in March 2024, a 9.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1412
-14.3%
4 25
+150.0%
5+ 01
+100.0%

Summary: The Gilberts 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 14.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Gilberts in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Gilberts, IL

How long does it take to sell a home in Gilberts, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
15 Days21 Days+36.1%

Summary: Homes in Gilberts had an average of 21 days on market in Mar 2024, up by 36.1% compared to last year.

Breakdown of Home Sale Times

5 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 Gilberts are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Gilberts; 83% of homes were sold within 30 days, 17% 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 22 Days Ago

Newest Listings in Gilberts, IL

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