Is Sugar Grove, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Grove is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Sugar Grove has remained a Seller's Market.

Key Takeaway

Sugar Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sugar Grove, IL

How much do homes in Sugar Grove, IL cost?

Median Sold Price

$449,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$59,500(+15.3%)

Key Takeaway

Homes in Sugar Grove have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in Sugar Grove was $449,500 in September 2024, up 15.3% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $243.5K$290K
+19.1%
3 $345K$375K
+8.7%
4 $425K$470K
+10.6%
5+ $455K$560K
+23.1%

Summary: Sugar Grove housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 23.1%.

Median Sold Price Compared To Nearby Cities

Sugar Grove
+15.3%
Aurora
+8.9%
Sugar Grove Township
+6.7%

Housing Supply in Sugar Grove, IL

How many homes are available in Sugar Grove, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4652+13.0%

Summary: The Sugar Grove real estate market had 52 homes for sale in September 2024, a 13.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1618
+12.5%
4 2021
+5.0%
5+ 37
+133.3%

Summary: The Sugar Grove housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 133.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Grove, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Sugar Grove in September 2024, down by 13.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Sugar Grove, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
16 Days15 Days-10.6%

Summary: Homes in Sugar Grove had an average of 15 days on market in Sep 2024, down by 10.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sugar Grove are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 13 homes were sold in Sugar Grove; 92% of homes were sold within 30 days, 8% 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 Sep 1, 2024

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