Is Sycamore, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sycamore is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Sycamore was a Seller's Market.

Key Takeaway

Sycamore is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sycamore, IL

How much do homes in Sycamore, IL cost?

Median Sold Price

$305,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$65,000(+27.1%)

Key Takeaway

Homes in Sycamore have sold for 27.1% more than they did a year ago.

Summary: The median home sold price in Sycamore was $305,000 in March 2024, up 27.1% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$285K
N/A
2 $176.2K$205K
+16.3%
3 $242K$326.6K
+35.0%
4 $313.7K$387.5K
+23.5%
5+ $381K$359K
-5.8%

Summary: Sycamore 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 16.3%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Cities

Sycamore
+27.1%
Sycamore Township
+27.1%
DeKalb
+15.0%
DeKalb Township
+10.5%
Cortland Township
+9.6%

Housing Supply in Sycamore, IL

How many homes are available in Sycamore, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6781+20.9%

Summary: The Sycamore real estate market had 81 homes for sale in March 2024, a 20.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2021
+5.0%
3 2632
+23.1%
4 1422
+57.1%
5+ 76
-14.3%

Summary: The Sycamore 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 5%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1413-7.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sycamore, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in Sycamore in March 2024, down by 7.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.

Days on Market for Sycamore, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days61 Days+101.1%

Summary: Homes in Sycamore had an average of 61 days on market in Mar 2024, up by 101.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 13 homes were sold in Sycamore; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% 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 19 Days Ago

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