Is Sycamore, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sycamore was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $285K | N/A |
2 Bedrooms | $176.2K | $205K | +16.3% |
3 Bedrooms | $242K | $326.6K | +35.0% |
4 Bedrooms | $313.7K | $387.5K | +23.5% |
5+ Bedrooms | $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 | $240K | $305K | +27.1% |
Sycamore Township | $240K | $305K | +27.1% |
DeKalb | $192.2K | $221K | +15.0% |
DeKalb Township | $199K | $220K | +10.5% |
Cortland Township | $260.5K | $285.4K | +9.6% |
Housing Supply in Sycamore, IL
How many homes are available in Sycamore, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 81 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 14 | 22 | +57.1% |
5+ Bedrooms | 7 | 6 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 61 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
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.