What have home prices been doing in Carol Stream this year?
Median home prices in Carol Stream IL have risen slightly since the start of the year. We’re currently seeing a median list price of $229,950. The chart below is a good comparison of median list prices vs. median sales prices in Carol Stream IL for last year. Typically you would see sales prices follow list price. This indicates sellers are pricing their home at what the market will bear.
Are home prices in Carol Stream IL going up or down?
Home prices in Carol Stream were up 7.3% in January compared to December. The median sales price right now is $210,500. Comparing prices year-over-year we see a 5.5% increase. Home prices in Carol Stream are definitely on the rise.
Is Carol Stream in a buyers or sellers market right now?
If you’ve been on the fence about selling your home, now is a great time! Inventory of homes for sale in Carol Stream is low at 2.1 months. Anything between 3-6 months could be considered a stable market. Inventory below 3 months puts us in a sellers market where prices can rise and market times fall. Over 6 months and a buyers market takes over resulting in lower prices and longer market times.
What types of homes are for sale in Carol Stream right now?
A lot of Carol Stream homeowners may be concerned about foreclosures and short sales dragging down the market. Actually, we’ve seen the numbers of bank-owned and distressed properties fall in Carol Stream. In January, 79% of homes for sale were traditional sales. There were 8 foreclosures on the market, the lowest number since August of 2008. Short sales have remained very low as well. Home prices in Carol Stream IL are not being affected by these factors.
How long is it taking to sell a home in Carol Stream right now?
The median market time for a home in Carol Stream is at 27 days. This has been dropping since May of this year. In January 2016 it took 36 days to sell. This indicates a strong buyer pool out there.
Want a rough idea of your home’s current value?
Fill out the form below to view an online analysis of your Carol Stream IL home price. While not as accurate as meeting with us in person, it can help you determine if selling your Carol Stream home makes sense right now.
Looking for something more accurate?
The Kombrink Lobrillo Team at RE/MAX All Pro takes a very analytical approach to pricing your home. Using a process similar to that of an actual home appraiser, our in-depth analysis produces a pricing strategy to get your home sold for top dollar in the least amount of time. Combine that with our top notch marketing strategy and we’ll help you realize your real estate goals before you know it.
Contact our Carol Stream Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home. Matt can be reached at 630-488-3300.