Is Sugar Grove, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Grove is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Sugar Grove, IL

How much do homes in Sugar Grove, IL cost?

Median Sold Price

$435,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$40,000(+10.1%)

Key Takeaway

Homes in Sugar Grove have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Sugar Grove was $435,000 in December 2024, up 10.1% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $254.9K$293K
+14.9%
3 $340K$375K
+10.3%
4 $438K$470K
+7.3%
5+ $555K$560.5K
+1.0%

Summary: Sugar Grove 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 14.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Sugar Grove
+10.1%
Aurora
+8.0%
Sugar Grove Township
+6.6%

Housing Supply in Sugar Grove, IL

How many homes are available in Sugar Grove, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4837-22.9%

Summary: The Sugar Grove real estate market had 37 homes for sale in December 2024, a 22.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2215
-31.8%
4 1413
-7.1%
5+ 74
-42.9%

Summary: The Sugar Grove 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 remained the same, 3 bedroom homes decreased by 31.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Grove, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Sugar Grove in December 2024, down by 23.5% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.

Days on Market for Sugar Grove, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
16 Days25 Days+61.5%

Summary: Homes in Sugar Grove had an average of 25 days on market in Dec 2024, up by 61.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 13 homes were sold in Sugar Grove; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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 4 Days Ago

Newest Listings in Sugar Grove, IL

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