What have home prices been doing in Sugar Grove this year?
Median home prices in Sugar Grove IL have risen slightly since last year. We’re currently seeing a median list price of $293,500. The chart below is a good comparison of median list prices vs. median sales prices in Sugar Grove IL for the last 12 months. As you can see, year-to-date home buyers and sellers were fairly aligned.
Are home prices in Sugar Grove IL going up or down?
Home prices in Sugar Grove were down 3.1% in January as compared to December. The median sales price right now is $262,500. The great news is that comparing this year-over-year we see a 5.5% increase! Sugar Grove homes are definitely appreciating and this trend is only expected to continue.
Is Sugar Grove 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 Sugar Grove is low at 4.3 months. Anything between 3-6 months could be considered a stable market so we’re right at the low 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 Sugar Grove right now?
A lot of Sugar Grove 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 Sugar Grove. In January, almost 92% of homes for sale were traditional sales. There were 3 foreclosures on the market and this has been trending lower. Short sales are on the decline as well with 4. Home prices in Sugar Grove IL are not being affected by these factors.
How long is it taking to sell a home in Sugar Grove right now?
The median market time for a home in Sugar Grove is at 47 days. This has been relatively unchanged since June. This is a drop though compared to the start of 2016 when the market time was 62 days. This could indicates a strong buyer pool still active in the market.
Want a rough idea of your home’s current value?
Fill out the form below to view an online analysis of your Sugar Grove IL home price. While not as accurate as meeting with us in person, it can help you determine if selling your Sugar Grove 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 Sugar Grove Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home. Matt can be reached at 630-488-3300.