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 August 2022

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

How much do homes in Streamwood, IL cost?

Median Sold Price

$272,083

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$21,990(+8.8%)

Key Takeaway

Homes in Streamwood have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Streamwood was $272,083 in August 2023, up 8.8% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $145K$149K
+2.8%
2 $200K$220K
+10.0%
3 $264.8K$286.4K
+8.2%
4 $330K$325K
-1.5%
5+ $349K$413.5K
+18.5%

Summary: Streamwood housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 18.5%.

Median Sold Price Compared To Nearby Cities

Hanover Park
+10.0%
Streamwood
+8.8%
Hanover Township
+4.9%
Bartlett
+3.4%
Hoffman Estates
+3.1%

Housing Supply

How many homes are available in Streamwood, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
141127-9.9%

Summary: The Streamwood real estate market had 127 homes for sale in August 2023, a 9.9% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 21
-50.0%
2 2931
+6.9%
3 8368
-18.1%
4 2120
-4.8%
5+ 67
+16.7%

Summary: The Streamwood housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
6741-38.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

29 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. 70.7% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in Streamwood in August 2023, down by 38.8% month-over-month. Of the 41 sold homes, 27% were sold under asking, 2% were sold at asking, and 71% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
14 Days11 Days-15.2%

Summary: Homes in Streamwood had an average of 11 days on market in Aug 2023, down by 15.2% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

4 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 August 2023, 41 homes were sold in Streamwood; 90% of homes were sold within 30 days, 10% 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 27 Days Ago

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Nearby Markets

What housing markets are near Streamwood, IL?