Is Cary, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cary has remained a Seller's Market.
Housing Prices in Cary, IL
How much do homes in Cary, IL cost?
Median Sold Price
$334,656
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cary was $334,656 in April 2024, up 6.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $166K | -49.7% |
2 Bedrooms | $225K | $250K | +11.1% |
3 Bedrooms | $290K | $318.5K | +9.8% |
4 Bedrooms | $385K | $425K | +10.4% |
5+ Bedrooms | $430K | $430K | 0.0% |
Summary: Cary housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $285.6K | $347.7K | +21.7% |
Algonquin | $340K | $368.7K | +8.4% |
Algonquin Township | $300.2K | $325.3K | +8.3% |
Cary | $315K | $334.6K | +6.2% |
Housing Supply in Cary, IL
How many homes are available in Cary, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 79 | +25.4% |
Summary: The Cary real estate market had 79 homes for sale in April 2024, a 25.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Cary 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 decreased by 10%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Cary in April 2024, up by 14.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Cary, IL
How long does it take to sell a home in Cary, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 17 Days | +6.5% |
Summary: Homes in Cary had an average of 17 days on market in Apr 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Cary; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.