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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sycamore Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Sycamore Township, IL

How much do homes in Sycamore Township, IL cost?

Median Sold Price

$308,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$58,000(+23.2%)

Key Takeaway

Homes in Sycamore Township have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in Sycamore Township was $308,000 in April 2024, up 23.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $250K$285K
+14.0%
2 $180K$213.5K
+18.6%
3 $258.7K$304.3K
+17.6%
4 $365K$390K
+6.8%
5+ $320K$387K
+20.9%

Summary: Sycamore Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Cities

Sycamore Township
+23.2%
Sycamore
+23.2%
Genoa Township
+12.2%
Cortland Township
+9.5%

Housing Supply in Sycamore Township, IL

How many homes are available in Sycamore Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7391+24.7%

Summary: The Sycamore Township real estate market had 91 homes for sale in April 2024, a 24.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2126
+23.8%
3 2833
+17.9%
4 1827
+50.0%
5+ 65
-16.7%

Summary: The Sycamore Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1322+69.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sycamore Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Sycamore Township in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.

Days on Market for Sycamore Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
65 Days39 Days-40.2%

Summary: Homes in Sycamore Township had an average of 39 days on market in Apr 2024, down by 40.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 22 homes were sold in Sycamore Township; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 6 Days Ago

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