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 September 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

$440,000

$213/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since September 2023.

Key Takeaway

The sold price of homes in Saint Charles Township has remained the same since last year.

Summary: The median home sold price in Saint Charles Township was $440,000 in September 2024, the same as last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $225K$216K
-4.0%
2 $292.5K$308K
+5.3%
3 $359.7K$383K
+6.5%
4 $562.5K$583.5K
+3.7%
5+ $601.2K$757.5K
+26.0%

Summary: Saint Charles Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 26%.

Median Sold Price Compared To Nearby Cities

Geneva Township
+8.0%
Wayne
+6.6%
South Elgin
+5.8%
Saint Charles
+3.9%
Saint Charles Township
0.0%

Housing Supply in Saint Charles Township, IL

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
196193-1.5%

Summary: The Saint Charles Township real estate market had 193 homes for sale in September 2024, a 1.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 2223
+4.5%
3 5958
-1.7%
4 8081
+1.3%
5+ 3330
-9.1%

Summary: The Saint Charles Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7042-40.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

20 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. 47.6% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in Saint Charles Township in September 2024, down by 40.0% month-over-month. Of the 42 sold homes, 38% were sold under asking, 14% were sold at asking, and 48% 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

Sep 2023Sep 2024CHANGE
18 Days16 Days-10.3%

Summary: Homes in Saint Charles Township had an average of 16 days on market in Sep 2024, down by 10.3% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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 September 2024, 42 homes were sold in Saint Charles Township; 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 Sep 1, 2024

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