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 March 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

$290,666

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,664(+11.8%)

Key Takeaway

Homes in Streamwood have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Streamwood was $290,666 in March 2024, up 11.8% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $148.9K$165K
+10.8%
2 $212.5K$240.7K
+13.3%
3 $275K$299.7K
+9.0%
4 $331K$339.7K
+2.6%
5+ $377.5K$365K
-3.3%

Summary: Streamwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Streamwood
+11.8%
Hoffman Estates
+8.6%
Hanover Township
+8.5%
Hanover Park
+7.7%
Bartlett
+5.7%

Housing Supply in Streamwood, IL

How many homes are available in Streamwood, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1021020.0%

Summary: The Streamwood real estate market had 102 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 2430
+25.0%
3 4949
0.0%
4 2016
-20.0%
5+ 65
-16.7%

Summary: The Streamwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4038-5.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

20 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. 52.6% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Streamwood in March 2024, down by 5.0% month-over-month. Of the 38 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% 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

Mar 2023Mar 2024CHANGE
27 Days18 Days-32.9%

Summary: Homes in Streamwood had an average of 18 days on market in Mar 2024, down by 32.9% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 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 March 2024, 38 homes were sold in Streamwood; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 24 Days Ago

Newest Listings in Streamwood, IL

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