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 November 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

$437,250

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,350(+9.3%)

Key Takeaway

Homes in Sugar Grove have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Sugar Grove was $437,250 in November 2024, up 9.3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $252.5K$297.4K
+17.8%
3 $345K$375K
+8.7%
4 $450K$470K
+4.4%
5+ $555K$554.2K
-0.1%

Summary: Sugar Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

Sugar Grove
+9.3%
Aurora
+8.6%
Sugar Grove Township
+6.6%
Big Rock Township
-4.5%

Housing Supply in Sugar Grove, IL

How many homes are available in Sugar Grove, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5451-5.6%

Summary: The Sugar Grove real estate market had 51 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2124
+14.3%
4 1915
-21.1%
5+ 87
-12.5%

Summary: The Sugar Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Grove, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Sugar Grove in November 2024, up by 14.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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

Nov 2023Nov 2024CHANGE
28 Days26 Days-4.5%

Summary: Homes in Sugar Grove had an average of 26 days on market in Nov 2024, down by 4.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 November 2024, 16 homes were sold in Sugar Grove; 69% of homes were sold within 30 days, 31% 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 2 Days Ago

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