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 October 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

$443,400

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,733(+1.3%)

Key Takeaway

Homes in Saint Charles Township have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Saint Charles Township was $443,400 in October 2024, up 1.3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$233K
+3.6%
2 $288K$311.2K
+8.1%
3 $361K$381.2K
+5.6%
4 $560K$605K
+8.0%
5+ $601.5K$755.5K
+25.6%

Summary: Saint Charles Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 25.6%.

Median Sold Price Compared To Nearby Cities

Saint Charles
+4.8%
South Elgin
+4.0%
Geneva Township
+3.9%
Saint Charles Township
+1.3%
Wayne
-0.3%

Housing Supply in Saint Charles Township, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
173187+8.1%

Summary: The Saint Charles Township real estate market had 187 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 2222
0.0%
3 4954
+10.2%
4 7784
+9.1%
5+ 2427
+12.5%

Summary: The Saint Charles Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4362+44.2%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

12 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 may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in Saint Charles Township in October 2024, up by 44.2% month-over-month. Of the 62 sold homes, 48% were sold under asking, 19% were sold at asking, and 32% 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

Oct 2023Oct 2024CHANGE
18 Days18 Days-3.6%

Summary: Homes in Saint Charles Township had an average of 18 days on market in Oct 2024, down by 3.6% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 62 homes were sold in Saint Charles Township; 87% of homes were sold within 30 days, 11% 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 20 Days Ago

Newest Listings in Saint Charles Township, IL

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What housing markets are near Saint Charles Township, IL?