Is Gilberts, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gilberts was a Seller's Market.
Housing Prices in Gilberts, IL
How much do homes in Gilberts, IL cost?
Median Sold Price
$327,775
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gilberts was $327,775 in April 2024, up 9.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235.5K | $258K | +9.5% |
3 Bedrooms | $289.4K | $325K | +12.3% |
4 Bedrooms | $411K | $465K | +13.1% |
5+ Bedrooms | $550K | $525K | -4.5% |
Summary: Gilberts housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Elgin | $270.2K | $308.3K | +14.1% |
Dundee Township | $252.6K | $279.9K | +10.8% |
Gilberts | $300K | $327.7K | +9.3% |
Rutland Township | $300K | $315K | +5.0% |
West Dundee | $360K | $357.5K | -0.7% |
Housing Supply in Gilberts, IL
How many homes are available in Gilberts, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 34 | +54.5% |
Summary: The Gilberts real estate market had 34 homes for sale in April 2024, a 54.5% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 4 | 11 | +175.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gilberts 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 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 175%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Gilberts in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Gilberts, IL
How long does it take to sell a home in Gilberts, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 33 Days | +12.5% |
Summary: Homes in Gilberts had an average of 33 days on market in Apr 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Gilberts; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.