Hello everyone, I'm Miles Tischhauser with The Kombrink Team, your dedicated local REALTOR® in Sycamore, Illinois. Today, I'm excited to share with you our real estate market update for April 2024. Whether you're planning to buy or sell a home in our area, staying informed is key to making the best decisions. Here's what you need to know about the current market trends in Sycamore.

Current Market Overview

The current Months Supply of Inventory (MSI) in Sycamore stands at 1.74. This figure indicates that if no new homes were listed, it would take just under two months to sell all the homes currently on the market. Compared to last year, the MSI has increased by almost 29%, suggesting a slight shift toward a more balanced market between buyers and sellers.

Months supply of housing in Sycamore Illinois

Selling Above List Price

An encouraging sign for sellers is the List to Sold Price ratio, which is currently at 100.1%. This means that, on average, homes in Sycamore are selling for just over their asking price. Such statistics reflect strong buyer demand and competitive market conditions, making it an opportune time for sellers to list their homes.

List to Sale Price Ratio Sycamore Illinois Housing

Median Days on Market

For those looking to purchase a home, it's important to note that the median days on market in Sycamore is currently 36 days. Homes are selling relatively quickly, underscoring the necessity for potential buyers to act swiftly when they find a property that matches their preferences and needs.

Sycamore Illinois Housing Market Time

Median Sold Price

As for pricing, the median sold price in Sycamore is now at $349,950. This price point serves as a useful gauge for both buyers and sellers to understand the general pricing landscape and to set realistic expectations for the types of homes available within their budget or their potential selling price.

Median Sold Home Price in Sycamore Illinois


In summary, the real estate market in Sycamore, Illinois, is robust and transactions are occurring rapidly. Whether you are considering buying or selling, now is a propitious time to engage in the market. Should you have any questions about the current market conditions or need assistance with your real estate needs, don't hesitate to contact me at 815-739-3458.

Posted by The Kombrink Team on


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