Is Carol Stream, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carol Stream is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Carol Stream, IL

How much do homes in Carol Stream, IL cost?

Median Sold Price

$334,900

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,900(+10.5%)

Key Takeaway

Homes in Carol Stream have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Carol Stream was $334,900 in May 2024, up 10.5% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $129K$155K
+20.2%
2 $230K$246.1K
+7.0%
3 $306K$335.7K
+9.7%
4 $397.5K$438.2K
+10.3%
5+ $548.8K$504K
-8.2%

Summary: Carol Stream housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Cities

Wheaton
+11.7%
Glendale Heights
+10.8%
Carol Stream
+10.5%
Bloomingdale Township
+8.7%
Bloomingdale
+3.9%

Housing Supply in Carol Stream, IL

How many homes are available in Carol Stream, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
81113+39.5%

Summary: The Carol Stream real estate market had 113 homes for sale in May 2024, a 39.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 2024
+20.0%
3 3241
+28.1%
4 2640
+53.8%
5+ 15
+400.0%

Summary: The Carol Stream housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 400%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2237+68.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carol Stream, you could pay more than the asking price. 73% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in Carol Stream in May 2024, up by 68.2% month-over-month. Of the 37 sold homes, 19% were sold under asking, 8% were sold at asking, and 73% were sold over asking.

Days on Market for Carol Stream, IL

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

Average Sale Time

May 2023May 2024CHANGE
18 Days10 Days-46.5%

Summary: Homes in Carol Stream had an average of 10 days on market in May 2024, down by 46.5% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 37 homes were sold in Carol Stream; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Carol Stream, IL

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