Is Sycamore, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sycamore is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Sycamore, IL

How much do homes in Sycamore, IL cost?

Median Sold Price

$308,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$58,000(+23.2%)

Key Takeaway

Homes in Sycamore have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in Sycamore was $308,000 in April 2024, up 23.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$285K
N/A
2 $176K$213.5K
+21.3%
3 $250.5K$304.3K
+21.5%
4 $320K$390K
+21.9%
5+ $390K$387K
-0.8%

Summary: Sycamore 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 21.3%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Sycamore
+23.2%
Sycamore Township
+23.2%
DeKalb
+18.3%
DeKalb Township
+14.3%
Cortland Township
+9.5%

Housing Supply in Sycamore, IL

How many homes are available in Sycamore, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7391+24.7%

Summary: The Sycamore real estate market had 91 homes for sale in April 2024, a 24.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2126
+23.8%
3 2833
+17.9%
4 1827
+50.0%
5+ 65
-16.7%

Summary: The Sycamore 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 23.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1322+69.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sycamore, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Sycamore in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.

Days on Market for Sycamore, IL

How long does it take to sell a home in Sycamore, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
65 Days39 Days-40.2%

Summary: Homes in Sycamore had an average of 39 days on market in Apr 2024, down by 40.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 22 homes were sold in Sycamore; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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

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