Is Sugar Grove, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Grove is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Sugar Grove has remained a Seller's Market.

Key Takeaway

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

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

+$21,500(+5.6%)

Key Takeaway

Homes in Sugar Grove have sold for 5.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $233K$270K
+15.9%
3 $316.2K$347.5K
+9.9%
4 $445K$450K
+1.1%
5+ $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
+7.1%
Sugar Grove
+5.6%
Sugar Grove Township
+5.6%

Housing Supply in Sugar Grove, IL

How many homes are available in Sugar Grove, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4742-10.6%

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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1210
-16.7%
4 2522
-12.0%
5+ 45
+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 2024Apr 2024CHANGE
17170.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Grove, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
26 Days14 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Sugar Grove, IL

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