Is Sugar Grove Township, 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 Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $259.7K | +12.9% |
3 Bedrooms | $319.9K | $345K | +7.8% |
4 Bedrooms | $410K | $422.5K | +3.0% |
5+ Bedrooms | $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 | $317.1K | $342.2K | +7.9% |
Sugar Grove Township | $359.7K | $380K | +5.6% |
Sugar Grove | $383.5K | $405K | +5.6% |
Montgomery | $292.3K | $283K | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 61 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 34 | 31 | -8.8% |
5+ Bedrooms | 4 | 5 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 17 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
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.