Is Somonauk, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Somonauk is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Somonauk was a Seller's Market.

Key Takeaway

Somonauk is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Somonauk, IL cost?

Median Sold Price

$210,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,000(+7.7%)

Key Takeaway

Homes in Somonauk have sold for 7.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $195K$190.2K
-2.4%
3 $191.5K$213.7K
+11.6%
4 $239.2K$187.5K
-21.6%
5+ $193.2K$179.9K
-6.9%

Median Sold Price Compared To Nearby Cities

Somonauk Township
+19.2%
Sandwich Township
+13.2%
Northville Township
+12.9%
Sandwich
+11.3%
Somonauk
+7.7%

How many homes are available in Somonauk, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
79+28.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 26
+200.0%
4 32
-33.3%
5+ 10
-100.0%

Number of Homes Sold

Oct 2022Nov 2022%
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Somonauk, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
8 Days2 Days-75.0%

Breakdown of Home Sale Times

1 Home Was 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 Somonauk are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Somonauk, IL

Homes for sale in Somonauk, IL have reached 9. Between October 2022 and November 2022, Somonauk, IL real estate market has seen increase in the number of listings by 28.6%. While the average time on the market in November 2022 was 2 days, the median list price was $210,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 2.4% more cheaper, 3 bedrooms properties became 11.6% more expensive, the cost of 4 bedrooms properties went down by 21.6%, 5 bedrooms properties prices decreased by 6.9%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 200% more available, 4 bedrooms homes inventory decreased by 33.3%, volume of 5 bedrooms homes went down by 100%. While more than 0 listings in Somonauk, IL in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

Related Housing Market Reports