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 December 2021

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.

How much do homes in Gilberts, IL cost?

Median Sold Price

$300,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$40,000(+15.4%)

Key Takeaway

Homes in Gilberts have sold for 15.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $215K$235.2K
+9.4%
3 $242.5K$285K
+17.6%
4 $366K$415K
+13.4%
5+ $400K$535K
+33.8%

Median Sold Price Compared To Nearby Cities

Gilberts
+15.4%
Rutland Township
+14.7%
West Dundee
+13.6%
Elgin
+10.2%
Dundee Township
+6.3%

How many homes are available in Gilberts, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
2221-4.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 33
0.0%
3 99
0.0%
4 87
-12.5%
5+ 22
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
14 Days9 Days-39.7%

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gilberts, IL

There are 21 homes are for sale in Gilberts, IL real estate market. The number of listings in Gilberts, IL decreased by 4.5% between November 2022 and December 2022. In December 2022 median list price was $300,000 and the average listing age was 9 days. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 9.4% more expensive, prices of 3 bedrooms properties increased by 17.6%, prices of 4 bedrooms properties went up by 13.4%, prices of 5 bedrooms properties increased by 33.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes did not move, number of 4 bedrooms homes decreased by 12.5%, the quantity of 5 bedrooms homes have not changed. Gilberts, IL housing market in December 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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