What have home prices been doing in St Charles this year?
Median asking prices in St Charles IL have remained stable since the Spring. We’re currently seeing a median list price of $394,900. The chart below is a good comparison of median list prices vs. median sales prices in St Charles IL for the last 12 months. As you can see, all year home buyers and sellers were fairly aligned.
Are home prices in St Charles IL going up or down?
Home prices in St Charles fell 4.4% in October over September. The median sales price right now is $308,500. The great news is that comparing this year-over-year we see a 6.4% increase! St Charles homes are definitely appreciating and this trend is only expected to continue.
Is St Charles in a buyers or sellers market right now?
The current inventory of homes for sale in St Charles is at 5.2 months. Anything between 3-6 months could be considered a stable market so we’re right at the top end of that. 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 St Charles right now?
A lot of St Charles 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 St Charles. In October, 94% of homes for sale were traditional sales. There were 8 foreclosures on the market, the lowest in years. Short sales are on the decline as well hitting a low of 15. Home prices in St Charles IL are not being greatly affected by these factors.
How long is it taking to sell a home in St Charles right now?
The median market time for a home in St Charles is at 44 days. This is the lowest point in over a year.
Want a rough idea of your home’s current value?
Fill out the form below to view an online analysis of your St Charles IL home price. While not as accurate as meeting with us in person, it can help you determine if selling your St Charles 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 St Charles Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home. Matt can be reached at 630-488-3300.