Is Saint Charles, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Charles is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Saint Charles, IL

How much do homes in Saint Charles, IL cost?

Median Sold Price

$389,450

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$18,116(+4.9%)

Key Takeaway

Homes in Saint Charles have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Saint Charles was $389,450 in February 2024, up 4.9% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $190K$152K
-20.0%
2 $275.1K$310K
+12.7%
3 $340K$357.4K
+5.1%
4 $510K$499K
-2.2%
5+ $644.5K$632.5K
-1.9%

Summary: Saint Charles housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Geneva Township
+11.0%
Geneva
+10.4%
Saint Charles
+4.9%
Saint Charles Township
+4.5%

Housing Supply in Saint Charles, IL

How many homes are available in Saint Charles, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5782+43.9%

Summary: The Saint Charles real estate market had 82 homes for sale in February 2024, a 43.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 1419
+35.7%
3 1830
+66.7%
4 2031
+55.0%
5+ 42
-50.0%

Summary: The Saint Charles housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 55%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Charles, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in Saint Charles in February 2024, down by 6.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 47% were sold at asking, and 27% were sold over asking.

Days on Market for Saint Charles, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
22 Days44 Days+98.4%

Summary: Homes in Saint Charles had an average of 44 days on market in Feb 2024, up by 98.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Charles are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 15 homes were sold in Saint Charles; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

Newest Listings in Saint Charles, IL

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