Is Sugar Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sugar Grove has remained a Seller's Market.
Housing Prices in Sugar Grove, IL
How much do homes in Sugar Grove, IL cost?
Median Sold Price
$399,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sugar Grove was $399,900 in March 2024, up 8.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $260K | +10.6% |
3 Bedrooms | $317.5K | $345K | +8.7% |
4 Bedrooms | $440K | $438K | -0.5% |
5+ Bedrooms | $461.2K | $542.5K | +17.6% |
Summary: Sugar Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Sugar Grove | $370K | $399.9K | +8.1% |
Aurora | $279.3K | $296.1K | +6.0% |
Sugar Grove Township | $359.7K | $380K | +5.6% |
Housing Supply in Sugar Grove, IL
How many homes are available in Sugar Grove, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 47 | +27.0% |
Summary: The Sugar Grove real estate market had 47 homes for sale in March 2024, a 27.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Sugar Grove housing inventory by bedroom type for March 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 71.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 17 | +183.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Sugar Grove in March 2024, up by 183.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -9.2% |
Summary: Homes in Sugar Grove had an average of 17 days on market in Mar 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Sugar Grove; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.