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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carpentersville is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Carpentersville, IL

How much do homes in Carpentersville, IL cost?

Median Sold Price

$256,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,400(+6.8%)

Key Takeaway

Homes in Carpentersville have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Carpentersville was $256,500 in November 2024, up 6.8% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155.1K$175K
+12.8%
2 $218K$240.2K
+10.2%
3 $235K$251.2K
+6.9%
4 $390K$350K
-10.3%
5+ $315K$509K
+61.6%

Summary: Carpentersville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 61.6%.

Median Sold Price Compared To Nearby Cities

West Dundee
+31.3%
East Dundee
+12.2%
Dundee Township
+10.6%
Carpentersville
+6.8%
Algonquin
+5.1%

Housing Supply in Carpentersville, IL

How many homes are available in Carpentersville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7679+3.9%

Summary: The Carpentersville real estate market had 79 homes for sale in November 2024, a 3.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1722
+29.4%
3 3835
-7.9%
4 1417
+21.4%
5+ 54
-20.0%

Summary: The Carpentersville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2520-20.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carpentersville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Carpentersville in November 2024, down by 20.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.

Days on Market for Carpentersville, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days17 Days+34.0%

Summary: Homes in Carpentersville had an average of 17 days on market in Nov 2024, up by 34% compared to last year.

Breakdown of Home Sale Times

18 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 Carpentersville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in Carpentersville; 90% of homes were sold within 30 days, 10% 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 20 Days Ago

Newest Listings in Carpentersville, IL

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