Is Fox River Grove, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fox River Grove is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fox River Grove has remained a Seller's Market.

Key Takeaway

Fox River Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fox River Grove, IL

How much do homes in Fox River Grove, IL cost?

Median Sold Price

$315,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$3,500(-1.1%)

Key Takeaway

Homes in Fox River Grove have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Fox River Grove was $315,000 in May 2024, down 1.1% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $112K-
N/A
2 $200K$250K
+25.0%
3 $325K$303.5K
-6.6%
4 $377.5K$437.5K
+15.9%
5+ $442K$488K
+10.4%

Summary: Fox River 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 25%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Algonquin Township
+9.8%
Barrington Hills
+5.9%
Cuba Township
+2.9%
Lake Barrington
0.2%
Fox River Grove
-1.1%

Housing Supply in Fox River Grove, IL

How many homes are available in Fox River Grove, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2230+36.4%

Summary: The Fox River Grove real estate market had 30 homes for sale in May 2024, a 36.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 12
+100.0%
3 1013
+30.0%
4 812
+50.0%
5+ 11
0.0%

Summary: The Fox River 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 100%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fox River Grove, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Fox River Grove in May 2024, up by 200.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Fox River Grove, IL

How long does it take to sell a home in Fox River Grove, IL?

Average Sale Time

May 2023May 2024CHANGE
8 Days16 Days+101.0%

Summary: Homes in Fox River Grove had an average of 16 days on market in May 2024, up by 101% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fox River Grove are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 12 homes were sold in Fox River Grove; 83% of homes were sold within 30 days, 17% 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 8 Days Ago

Newest Listings in Fox River Grove, IL

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