Is Streamwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Streamwood is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Streamwood, IL

How much do homes in Streamwood, IL cost?

Median Sold Price

$295,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,998(+13.5%)

Key Takeaway

Homes in Streamwood have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Streamwood was $295,000 in May 2024, up 13.5% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $149K$179K
+20.1%
2 $213.5K$246.5K
+15.5%
3 $275K$304K
+10.5%
4 $330.5K$360K
+8.9%
5+ $395K$365K
-7.6%

Summary: Streamwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Cities

Streamwood
+13.5%
Hanover Township
+10.8%
Hoffman Estates
+8.6%
Hanover Park
+7.3%
Bartlett
+5.8%

Housing Supply in Streamwood, IL

How many homes are available in Streamwood, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
111128+15.3%

Summary: The Streamwood real estate market had 128 homes for sale in May 2024, a 15.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2637
+42.3%
3 6257
-8.1%
4 1726
+52.9%
5+ 67
+16.7%

Summary: The Streamwood 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 42.3%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 52.9%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4143+4.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Streamwood, you could pay more than the asking price. 60.5% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in Streamwood in May 2024, up by 4.9% month-over-month. Of the 43 sold homes, 19% were sold under asking, 21% were sold at asking, and 60% were sold over asking.

Days on Market for Streamwood, IL

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

Average Sale Time

May 2023May 2024CHANGE
12 Days11 Days-7.9%

Summary: Homes in Streamwood had an average of 11 days on market in May 2024, down by 7.9% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 43 homes were sold in Streamwood; 93% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% 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

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