Is Sugar Grove, 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, Sugar Grove has remained a Seller's Market.
Housing Prices in Sugar Grove, IL
How much do homes in Sugar Grove, IL cost?
Median Sold Price
$405,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sugar Grove was $405,000 in April 2024, up 5.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $233K | $270K | +15.9% |
3 Bedrooms | $316.2K | $347.5K | +9.9% |
4 Bedrooms | $445K | $450K | +1.1% |
5+ Bedrooms | $460K | $607.5K | +32.1% |
Summary: Sugar Grove 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 15.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 32.1%.
Median Sold Price Compared To Nearby Cities
Aurora | $280K | $299.9K | +7.1% |
Sugar Grove | $383.5K | $405K | +5.6% |
Sugar Grove Township | $359.7K | $380K | +5.6% |
Housing Supply in Sugar Grove, IL
How many homes are available in Sugar Grove, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 42 | -10.6% |
Summary: The Sugar Grove real estate market had 42 homes for sale in April 2024, a 10.6% decrease 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 | 6 | 5 | -16.7% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 25 | 22 | -12.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Sugar Grove 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 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Sugar Grove in April 2024, the same as the previous month. Of the 17 sold homes, 18% were sold under asking, 35% were sold at asking, and 47% were sold over asking.
Days on Market for Sugar Grove, IL
How long does it take to sell a home in Sugar Grove, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 14 Days | -45.9% |
Summary: Homes in Sugar Grove had an average of 14 days on market in Apr 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Sugar Grove; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.