Is Streamwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Streamwood has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $149K | +2.8% |
2 Bedrooms | $200K | $220K | +10.0% |
3 Bedrooms | $264.8K | $286.4K | +8.2% |
4 Bedrooms | $330K | $325K | -1.5% |
5+ Bedrooms | $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 | $250K | $275K | +10.0% |
Streamwood | $250K | $272K | +8.8% |
Hanover Township | $267.9K | $281.1K | +4.9% |
Bartlett | $339.5K | $351K | +3.4% |
Hoffman Estates | $320K | $330K | +3.1% |
Housing Supply
How many homes are available in Streamwood, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
141 | 127 | -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
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 29 | 31 | +6.9% |
3 Bedrooms | 83 | 68 | -18.1% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 6 | 7 | +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 2023 | Aug 2023 | CHANGE |
---|---|---|
67 | 41 | -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
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 2022 | Aug 2023 | CHANGE |
---|---|---|
14 Days | 11 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
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.