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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sycamore is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Sycamore, IL

How much do homes in Sycamore, IL cost?

Median Sold Price

$316,105

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,938(+5.7%)

Key Takeaway

Homes in Sycamore have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Sycamore was $316,105 in November 2024, up 5.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$285K
N/A
2 $195K$218K
+11.8%
3 $315K$310K
-1.6%
4 $370K$404.9K
+9.4%
5+ $295K$364.2K
+23.5%

Summary: Sycamore 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 11.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Cities

DeKalb Township
+11.1%
DeKalb
+10.4%
Sycamore Township
+5.9%
Sycamore
+5.7%
Cortland Township
+2.3%

Housing Supply in Sycamore, IL

How many homes are available in Sycamore, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116108-6.9%

Summary: The Sycamore real estate market had 108 homes for sale in November 2024, a 6.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3834
-10.5%
3 4848
0.0%
4 2522
-12.0%
5+ 54
-20.0%

Summary: The Sycamore 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 10.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3227-15.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sycamore, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Sycamore in November 2024, down by 15.6% month-over-month. Of the 27 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% were sold over asking.

Days on Market for Sycamore, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days17 Days-41.0%

Summary: Homes in Sycamore had an average of 17 days on market in Nov 2024, down by 41% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 27 homes were sold in Sycamore; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% 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 17 Days Ago

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