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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sycamore Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sycamore Township, IL

How much do homes in Sycamore Township, IL cost?

Median Sold Price

$315,316

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,483(+5.2%)

Key Takeaway

Homes in Sycamore Township have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Sycamore Township was $315,316 in October 2024, up 5.2% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$285K
N/A
2 $193.9K$212.7K
+9.7%
3 $326.6K$307.5K
-5.9%
4 $375K$389.9K
+4.0%
5+ $307.5K$420K
+36.6%

Summary: Sycamore Township 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 9.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 36.6%.

Median Sold Price Compared To Nearby Cities

Genoa Township
+10.0%
Sycamore Township
+5.2%
Sycamore
+5.1%
Cortland Township
0.0%

Housing Supply in Sycamore Township, IL

How many homes are available in Sycamore Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
117123+5.1%

Summary: The Sycamore Township real estate market had 123 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3236
+12.5%
3 4650
+8.7%
4 3431
-8.8%
5+ 56
+20.0%

Summary: The Sycamore Township 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 increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3033+10.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sycamore Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Sycamore Township in October 2024, up by 10.0% month-over-month. Of the 33 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Sycamore Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days17 Days-60.6%

Summary: Homes in Sycamore Township had an average of 17 days on market in Oct 2024, down by 60.6% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 33 homes were sold in Sycamore Township; 76% of homes were sold within 30 days, 24% 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

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