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 May 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

$312,450

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$61,342(+24.4%)

Key Takeaway

Homes in Sycamore Township have sold for 24.4% more than they did a year ago.

Summary: The median home sold price in Sycamore Township was $312,450 in May 2024, up 24.4% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $250K$285K
+14.0%
2 $176.5K$220K
+24.6%
3 $254.2K$321.8K
+26.6%
4 $370K$385K
+4.1%
5+ $332.5K$359K
+8.0%

Summary: Sycamore Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Sycamore
+24.6%
Sycamore Township
+24.4%
Genoa Township
+10.7%
Cortland Township
+9.3%
Burlington Township
+0.8%

Housing Supply in Sycamore Township, IL

How many homes are available in Sycamore Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97105+8.2%

Summary: The Sycamore Township real estate market had 105 homes for sale in May 2024, a 8.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2923
-20.7%
3 3546
+31.4%
4 2733
+22.2%
5+ 63
-50.0%

Summary: The Sycamore Township 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 decreased by 20.7%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2329+26.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sycamore Township, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Sycamore Township in May 2024, up by 26.1% month-over-month. Of the 29 sold homes, 34% were sold under asking, 21% were sold at asking, and 45% 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

May 2023May 2024CHANGE
23 Days32 Days+39.5%

Summary: Homes in Sycamore Township had an average of 32 days on market in May 2024, up by 39.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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 May 2024, 29 homes were sold in Sycamore Township; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% 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 1 Day Ago

Newest Listings in Sycamore Township, IL

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