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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sauganash is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Sauganash, IL

How much do homes in Sauganash, IL cost?

Median Sold Price

$613,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$82,500(+15.6%)

Key Takeaway

Homes in Sauganash have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in Sauganash was $613,000 in December 2024, up 15.6% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $212.1K-
N/A
2 $315K$322.5K
+2.4%
3 $524.9K$525K
0.0%
4 $781.5K$865K
+10.7%
5+ $585K$637.5K
+9.0%

Summary: Sauganash housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Neighborhoods

Sauganash
+15.6%
North Park
+12.6%
Forest Glen
+10.2%
Far North Side
+9.0%

Housing Supply in Sauganash, IL

How many homes are available in Sauganash, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
109-10.0%

Summary: The Sauganash real estate market had 9 homes for sale in December 2024, a 10.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 22
0.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Sauganash housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Sauganash in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Sauganash, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
20 Days58 Days+182.9%

Summary: Homes in Sauganash had an average of 58 days on market in Dec 2024, up by 182.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Sauganash; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

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