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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Charles Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Saint Charles Township, IL

How much do homes in Saint Charles Township, IL cost?

Median Sold Price

$437,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,950(+4.8%)

Key Takeaway

Homes in Saint Charles Township have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Saint Charles Township was $437,000 in March 2024, up 4.8% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $192K$168.5K
-12.2%
2 $275K$306.5K
+11.4%
3 $350.3K$365K
+4.2%
4 $539.9K$565.5K
+4.7%
5+ $630K$683K
+8.4%

Summary: Saint Charles Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Cities

South Elgin
+19.8%
Geneva Township
+10.2%
Saint Charles Township
+4.8%
Saint Charles
+4.6%

Housing Supply in Saint Charles Township, IL

How many homes are available in Saint Charles Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
132170+28.8%

Summary: The Saint Charles Township real estate market had 170 homes for sale in March 2024, a 28.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1724
+41.2%
3 3749
+32.4%
4 5969
+16.9%
5+ 1827
+50.0%

Summary: The Saint Charles Township 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 increased by 41.2%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1946+142.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Charles Township, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Saint Charles Township in March 2024, up by 142.1% month-over-month. Of the 46 sold homes, 37% were sold under asking, 9% were sold at asking, and 54% were sold over asking.

Days on Market for Saint Charles Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
52 Days27 Days-48.7%

Summary: Homes in Saint Charles Township had an average of 27 days on market in Mar 2024, down by 48.7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 46 homes were sold in Saint Charles Township; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% 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 18 Days Ago

Newest Listings in Saint Charles Township, IL

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