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 July 2021

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.

How much do homes in Streamwood, IL cost?

Median Sold Price

$249,976

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$22,169(+9.7%)

Key Takeaway

Homes in Streamwood have sold for 9.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $139.9K$146.7K
+4.9%
2 $180K$198.5K
+10.3%
3 $235K$260K
+10.6%
4 $289.4K$330K
+14.0%
5+ $271.5K$350K
+28.9%

Median Sold Price Compared To Nearby Cities

Hanover Township
+12.0%
Bartlett
+10.8%
Hoffman Estates
+10.2%
Streamwood
+9.7%
Hanover Park
+7.1%

How many homes are available in Streamwood, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
233231-0.9%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 77
0.0%
2 5151
0.0%
3 128123
-3.9%
4 4039
-2.5%
5+ 711
+57.1%

Number of Homes Sold

Jun 2022Jul 2022%
7664-15.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

40 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. 62.5% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
11 Days14 Days+22.3%

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Streamwood, IL

Number of homes for sale in Streamwood, IL real estate market have reached 231. The number of listings in Streamwood, IL decreased by 0.9% between June 2022 and July 2022. The median list price of listings available in July 2022 was $249,976, while the average time on the real estate market was 14 days. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 4.9% more expensive, 2 bedrooms properties became 10.3% more expensive, prices of 3 bedrooms properties increased by 10.6%, prices of 4 bedrooms properties increased by 14%, prices of 5 bedrooms properties went up by 28.9%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory decreased by 3.9%, the quantity of 4 bedrooms homes went down by 2.5%, 5 bedrooms homes inventory increased by 57.1%. Over 40 listings were sold over their listed price in July 2022 in Streamwood, IL. In the same period over 15 listings were sold below the listed price and 9 listings were sold for the listed price.

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