Is Sleepy Hollow, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sleepy Hollow is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Sleepy Hollow was a Buyer's Market.

Key Takeaway

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

Housing Prices in Sleepy Hollow, IL

How much do homes in Sleepy Hollow, IL cost?

Median Sold Price

$455,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$45,000(+11.0%)

Key Takeaway

Homes in Sleepy Hollow have sold for 11% more than they did a year ago.

Summary: The median home sold price in Sleepy Hollow was $455,000 in April 2024, up 11% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $187.5K$222.5K
+18.7%
3 $344.7K$455K
+32.0%
4 $424K$457.4K
+7.9%
5+ $514.5K$662.5K
+28.8%

Summary: Sleepy Hollow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 28.8%.

Median Sold Price Compared To Nearby Cities

Elgin
+14.1%
Sleepy Hollow
+11.0%
Dundee Township
+10.8%
West Dundee
-0.7%

Housing Supply in Sleepy Hollow, IL

How many homes are available in Sleepy Hollow, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
880.0%

Summary: The Sleepy Hollow real estate market had 8 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 56
+20.0%
5+ 10
-100.0%

Summary: The Sleepy Hollow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sleepy Hollow, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Sleepy Hollow in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Sleepy Hollow, IL

How long does it take to sell a home in Sleepy Hollow, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days10 Days-72.8%

Summary: Homes in Sleepy Hollow had an average of 10 days on market in Apr 2024, down by 72.8% compared to last year.

Breakdown of Home Sale Times

3 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 Sleepy Hollow are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Sleepy Hollow; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in Sleepy Hollow, IL

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