Is Gilberts, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Gilberts has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $234K | $258K | +10.3% |
3 Bedrooms | $289.9K | $324.9K | +12.1% |
4 Bedrooms | $411K | $430K | +4.6% |
5+ Bedrooms | - | $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 | $269.9K | $305.1K | +13.0% |
Gilberts | $300K | $329.7K | +9.9% |
Dundee Township | $252.9K | $275K | +8.7% |
Rutland Township | $298.2K | $315K | +5.6% |
West Dundee | $371.5K | $350K | -5.8% |
Housing Supply in Gilberts, IL
How many homes are available in Gilberts, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 23 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 0 | 1 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 21 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
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.