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 February 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

$289,333

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$29,332(+11.3%)

Key Takeaway

Homes in Streamwood have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Streamwood was $289,333 in February 2024, up 11.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $149K$155.5K
+4.4%
2 $210K$239.9K
+14.3%
3 $275K$295.7K
+7.5%
4 $335K$330K
-1.5%
5+ $377.5K$362K
-4.1%

Summary: Streamwood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Streamwood
+11.3%
Hanover Park
+9.4%
Hoffman Estates
+8.1%
Hanover Township
+7.8%
Bartlett
+4.3%

Housing Supply in Streamwood, IL

How many homes are available in Streamwood, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
92101+9.8%

Summary: The Streamwood real estate market had 101 homes for sale in February 2024, a 9.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 1923
+21.1%
3 4749
+4.3%
4 2021
+5.0%
5+ 35
+66.7%

Summary: The Streamwood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2639+50.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Streamwood, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Streamwood in February 2024, up by 50.0% month-over-month. Of the 39 sold homes, 38% were sold under asking, 26% were sold at asking, and 36% 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

Feb 2023Feb 2024CHANGE
39 Days27 Days-31.6%

Summary: Homes in Streamwood had an average of 27 days on market in Feb 2024, down by 31.6% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

12 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.

Summary: During February 2024, 39 homes were sold in Streamwood; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% 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 28 Days Ago

Newest Listings in Streamwood, IL

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