Is Sugar Grove, 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, Sugar Grove has remained a Seller's Market.
Housing Prices in Sugar Grove, IL
How much do homes in Sugar Grove, IL cost?
Median Sold Price
$429,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sugar Grove was $429,500 in May 2024, up 11.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $233K | $265K | +13.7% |
3 Bedrooms | $322.5K | $350.7K | +8.8% |
4 Bedrooms | $438K | $451K | +3.0% |
5+ Bedrooms | $455K | $637K | +40.0% |
Summary: Sugar Grove 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 13.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
Sugar Grove | $385K | $429.5K | +11.6% |
Aurora | $280.5K | $300.5K | +7.1% |
Sugar Grove Township | $365K | $385K | +5.5% |
Housing Supply in Sugar Grove, IL
How many homes are available in Sugar Grove, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 49 | +19.5% |
Summary: The Sugar Grove real estate market had 49 homes for sale in May 2024, a 19.5% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Sugar Grove 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 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Sugar Grove in May 2024, down by 27.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 46% were sold at asking, and 31% were sold over asking.
Days on Market for Sugar Grove, IL
How long does it take to sell a home in Sugar Grove, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 16 Days | +57.2% |
Summary: Homes in Sugar Grove had an average of 16 days on market in May 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Sugar Grove; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.