Is Sleepy Hollow, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sleepy Hollow is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sleepy Hollow, IL

How much do homes in Sleepy Hollow, IL cost?

Median Sold Price

$480,500

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,500(+13.1%)

Key Takeaway

Homes in Sleepy Hollow have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Sleepy Hollow was $480,500 in October 2024, up 13.1% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $220K$225K
+2.3%
3 $400K$423.5K
+5.9%
4 $450K$483.5K
+7.4%
5+ $750K$590K
-21.3%

Summary: Sleepy Hollow housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 21.3%.

Median Sold Price Compared To Nearby Cities

West Dundee
+29.6%
Sleepy Hollow
+13.1%
Elgin
+12.1%
Dundee Township
+9.8%

Housing Supply in Sleepy Hollow, IL

How many homes are available in Sleepy Hollow, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1318+38.5%

Summary: The Sleepy Hollow real estate market had 18 homes for sale in October 2024, a 38.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 711
+57.1%
5+ 33
0.0%

Summary: The Sleepy Hollow housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sleepy Hollow, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Sleepy Hollow in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Sleepy Hollow, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days30 Days+361.5%

Summary: Homes in Sleepy Hollow had an average of 30 days on market in Oct 2024, up by 361.5% compared to last year.

Breakdown of Home Sale Times

3 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 Sleepy Hollow are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Sleepy Hollow; 60% of homes were sold within 30 days, 40% 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 16 Days Ago

Newest Listings in Sleepy Hollow, IL

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