Is Saint Charles Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Charles Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Saint Charles Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Saint Charles Township, IL

How much do homes in Saint Charles Township, IL cost?

Median Sold Price

$441,066

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,011(+6.3%)

Key Takeaway

Homes in Saint Charles Township have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Saint Charles Township was $441,066 in May 2024, up 6.3% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $225K$152K
-32.4%
2 $283.5K$301K
+6.2%
3 $349.9K$380K
+8.6%
4 $553.1K$565.5K
+2.2%
5+ $603.2K$702.5K
+16.5%

Summary: Saint Charles Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 16.5%.

Median Sold Price Compared To Nearby Cities

South Elgin
+19.4%
Wayne
+12.3%
Geneva Township
+9.8%
Saint Charles Township
+6.3%
Saint Charles
+4.4%

Housing Supply in Saint Charles Township, IL

How many homes are available in Saint Charles Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
193225+16.6%

Summary: The Saint Charles Township real estate market had 225 homes for sale in May 2024, a 16.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 2126
+23.8%
3 6772
+7.5%
4 7987
+10.1%
5+ 2538
+52.0%

Summary: The Saint Charles Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 52%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5366+24.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Charles Township, you could pay more than the asking price. 60.6% of homes here sold above asking price last month.

Summary: A total of 66 homes were sold or pending in Saint Charles Township in May 2024, up by 24.5% month-over-month. Of the 66 sold homes, 18% were sold under asking, 21% were sold at asking, and 61% were sold over asking.

Days on Market for Saint Charles Township, IL

How long does it take to sell a home in Saint Charles Township, IL?

Average Sale Time

May 2023May 2024CHANGE
23 Days20 Days-12.0%

Summary: Homes in Saint Charles Township had an average of 20 days on market in May 2024, down by 12% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 66 homes were sold in Saint Charles Township; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% 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 9 Days Ago

Newest Listings in Saint Charles Township, IL

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