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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Grove Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Sugar Grove Township, IL

How much do homes in Sugar Grove Township, IL cost?

Median Sold Price

$380,066

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,316(+5.6%)

Key Takeaway

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

Summary: The median home sold price in Sugar Grove Township was $380,066 in April 2024, up 5.6% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $230K$259.7K
+12.9%
3 $319.9K$345K
+7.8%
4 $410K$422.5K
+3.0%
5+ $457.5K$560K
+22.4%

Summary: Sugar Grove Township 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 12.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 22.4%.

Median Sold Price Compared To Nearby Cities

Bristol Township
+7.9%
Sugar Grove Township
+5.6%
Sugar Grove
+5.6%
Montgomery
-3.2%

Housing Supply in Sugar Grove Township, IL

How many homes are available in Sugar Grove Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6861-10.3%

Summary: The Sugar Grove Township real estate market had 61 homes for sale in April 2024, a 10.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 118
-27.3%
3 1917
-10.5%
4 3431
-8.8%
5+ 45
+25.0%

Summary: The Sugar Grove 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 decreased by 27.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Grove Township, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Sugar Grove Township in April 2024, up by 8.3% month-over-month. Of the 26 sold homes, 19% were sold under asking, 27% were sold at asking, and 54% were sold over asking.

Days on Market for Sugar Grove Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
19 Days17 Days-13.9%

Summary: Homes in Sugar Grove Township had an average of 17 days on market in Apr 2024, down by 13.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 26 homes were sold in Sugar Grove Township; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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 22 Days Ago

Newest Listings in Sugar Grove Township, IL

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