Is Sugar Grove Township, 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 Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $254.9K | +10.8% |
3 Bedrooms | $317.5K | $345K | +8.7% |
4 Bedrooms | $406K | $417.6K | +2.9% |
5+ Bedrooms | $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 | $370K | $399.9K | +8.1% |
Bristol Township | $314.4K | $340.1K | +8.1% |
Sugar Grove Township | $359.7K | $380K | +5.6% |
Montgomery | $294.8K | $280K | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 70 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 14 | 21 | +50.0% |
4 Bedrooms | 29 | 34 | +17.2% |
5+ Bedrooms | 3 | 4 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 24 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 14 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
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.