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 2020

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

$260,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$6,450(+2.5%)

Key Takeaway

Homes in Gilberts have sold for 2.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $179.5K$215K
+19.8%
3 $230K$242.5K
+5.4%
4 $323K$366K
+13.3%
5+ $358.3K$400K
+11.6%

Median Sold Price Compared To Nearby Cities

West Dundee
+11.9%
Rutland Township
+10.4%
Elgin
+10.4%
Dundee Township
+4.8%
Gilberts
+2.5%

How many homes are available in Gilberts, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
3225-21.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 72
-71.4%
3 1311
-15.4%
4 1212
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
12120.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 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. 41.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
19 Days14 Days-23.7%

Breakdown of Home Sale Times

11 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.

About Gilberts, IL

Gilberts, IL has 25 homes for sale to choose from. The number of listings in Gilberts, IL decreased by 21.9% between November 2021 and December 2021. In December 2021, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $260,000. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 19.8% more expensive, the cost of 3 bedrooms properties went up by 5.4%, prices of 4 bedrooms properties went up by 13.3%, 5 bedrooms properties became 11.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 71.4% less available, 3 bedrooms homes became 15.4% less available, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. Gilberts, IL housing market in December 2021 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 5 sold below.

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