Is Fox River Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fox River Grove has remained a Seller's Market.
Housing Prices in Fox River Grove, IL
How much do homes in Fox River Grove, IL cost?
Median Sold Price
$315,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fox River Grove was $315,000 in May 2024, down 1.1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | - | N/A |
2 Bedrooms | $200K | $250K | +25.0% |
3 Bedrooms | $325K | $303.5K | -6.6% |
4 Bedrooms | $377.5K | $437.5K | +15.9% |
5+ Bedrooms | $442K | $488K | +10.4% |
Summary: Fox River Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
Algonquin Township | $300.4K | $330K | +9.8% |
Barrington Hills | $940K | $995.9K | +5.9% |
Cuba Township | $466.5K | $480K | +2.9% |
Lake Barrington | $409K | $410K | 0.2% |
Fox River Grove | $318.5K | $315K | -1.1% |
Housing Supply in Fox River Grove, IL
How many homes are available in Fox River Grove, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 30 | +36.4% |
Summary: The Fox River Grove real estate market had 30 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fox River Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Fox River Grove in May 2024, up by 200.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Fox River Grove, IL
How long does it take to sell a home in Fox River Grove, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 16 Days | +101.0% |
Summary: Homes in Fox River Grove had an average of 16 days on market in May 2024, up by 101% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Fox River Grove; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.