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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Grove Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Sugar Grove Township, IL

How much do homes in Sugar Grove Township, IL cost?

Median Sold Price

$380,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,250(+5.6%)

Key Takeaway

Homes in Sugar Grove Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Sugar Grove Township was $380,000 in March 2024, up 5.6% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $230K$254.9K
+10.8%
3 $317.5K$345K
+8.7%
4 $406K$417.6K
+2.9%
5+ $460K$531K
+15.4%

Summary: Sugar Grove Township 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 10.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 15.4%.

Median Sold Price Compared To Nearby Cities

Sugar Grove
+8.1%
Bristol Township
+8.1%
Sugar Grove Township
+5.6%
Montgomery
-5.0%

Housing Supply in Sugar Grove Township, IL

How many homes are available in Sugar Grove Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5670+25.0%

Summary: The Sugar Grove Township real estate market had 70 homes for sale in March 2024, a 25.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 1421
+50.0%
4 2934
+17.2%
5+ 34
+33.3%

Summary: The Sugar Grove Township 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 increased by 10%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1324+84.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Grove Township, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Sugar Grove Township in March 2024, up by 84.6% month-over-month. Of the 24 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% were sold over asking.

Days on Market for Sugar Grove Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
22 Days14 Days-35.0%

Summary: Homes in Sugar Grove Township had an average of 14 days on market in Mar 2024, down by 35% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 24 homes were sold in Sugar Grove Township; 88% of homes were sold within 30 days, 13% 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 22 Days Ago

Newest Listings in Sugar Grove Township, IL

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