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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Streamwood is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Streamwood, IL

How much do homes in Streamwood, IL cost?

Median Sold Price

$300,666

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,666(+9.3%)

Key Takeaway

Homes in Streamwood have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Streamwood was $300,666 in September 2024, up 9.3% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $148.9K$200.9K
+34.9%
2 $226.2K$255K
+12.7%
3 $285.6K$310K
+8.5%
4 $330K$370K
+12.1%
5+ $359K$395K
+10.0%

Summary: Streamwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Hoffman Estates
+11.8%
Hanover Township
+10.1%
Bartlett
+9.4%
Streamwood
+9.3%
Hanover Park
+7.6%

Housing Supply in Streamwood, IL

How many homes are available in Streamwood, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
124138+11.3%

Summary: The Streamwood real estate market had 138 homes for sale in September 2024, a 11.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 32
-33.3%
2 2927
-6.9%
3 6676
+15.2%
4 2026
+30.0%
5+ 67
+16.7%

Summary: The Streamwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3743+16.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Streamwood, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in Streamwood in September 2024, up by 16.2% month-over-month. Of the 43 sold homes, 37% were sold under asking, 14% were sold at asking, and 49% were sold over asking.

Days on Market for Streamwood, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days17 Days+19.3%

Summary: Homes in Streamwood had an average of 17 days on market in Sep 2024, up by 19.3% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 43 homes were sold in Streamwood; 79% of homes were sold within 30 days, 21% 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 Sep 1, 2024

Newest Listings in Streamwood, IL

Nearby Markets to Streamwood, IL

What housing markets are near Streamwood, IL?