Is Batavia, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Batavia has remained a Seller's Market.
Housing Prices in Batavia, IL
How much do homes in Batavia, IL cost?
Median Sold Price
$408,850
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Batavia was $408,850 in May 2024, up 7.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $261K | $296K | +13.4% |
3 Bedrooms | $355K | $377.2K | +6.3% |
4 Bedrooms | $440.5K | $476K | +8.1% |
5+ Bedrooms | $477.5K | $612.5K | +28.3% |
Summary: Batavia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Geneva Township | $414.4K | $455K | +9.8% |
Geneva | $414.9K | $455K | +9.7% |
Batavia Township | $375.1K | $404.7K | +7.9% |
Batavia | $380K | $408.8K | +7.6% |
Aurora | $280.5K | $300.5K | +7.1% |
Housing Supply in Batavia, IL
How many homes are available in Batavia, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 108 | +14.9% |
Summary: The Batavia real estate market had 108 homes for sale in May 2024, a 14.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 30 | 34 | +13.3% |
4 Bedrooms | 42 | 49 | +16.7% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Batavia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 40 | +29.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Batavia in May 2024, up by 29.0% month-over-month. Of the 40 sold homes, 45% were sold under asking, 8% were sold at asking, and 48% were sold over asking.
Days on Market for Batavia, IL
How long does it take to sell a home in Batavia, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 12 Days | -53.8% |
Summary: Homes in Batavia had an average of 12 days on market in May 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Batavia; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.