Is Sycamore, 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, Sycamore has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $285K | N/A |
2 Bedrooms | $176K | $213.5K | +21.3% |
3 Bedrooms | $250.5K | $304.3K | +21.5% |
4 Bedrooms | $320K | $390K | +21.9% |
5+ Bedrooms | $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 | $250K | $308K | +23.2% |
Sycamore Township | $250K | $308K | +23.2% |
DeKalb | $190.1K | $225K | +18.3% |
DeKalb Township | $194.8K | $222.7K | +14.3% |
Cortland Township | $261K | $285.9K | +9.5% |
Housing Supply in Sycamore, IL
How many homes are available in Sycamore, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 91 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 26 | +23.8% |
3 Bedrooms | 28 | 33 | +17.9% |
4 Bedrooms | 18 | 27 | +50.0% |
5+ Bedrooms | 6 | 5 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 22 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 39 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
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.