Welcome to our latest blog post! I’m Matt Kombrink from The Kombrink Team at One Source Realty, your go-to local REALTOR® in Saint Charles, IL. I’m here to share some exciting updates and insights about our current real estate market.

Understanding the Current Market: A Seller’s Domain

The Saint Charles real estate scene is buzzing, and here's why: our inventory levels currently stand at a 1.56 Months Supply of Inventory. This number is crucial because it signals a seller's market. But that's not all – over the last year, we've noticed a 6.12% increase in Months Supply of Inventory. What does this mean for you? We’re witnessing a gradual market shift, offering new opportunities for both buyers and sellers.

Months Supply of Housing Inventory Graph for St Charles, Illinois

Pricing Dynamics: High Demand Meets Realistic Expectations

One of the most telling indicators of a market's health is the List to Sold Price percentage. Ours is at a solid 96.8%, indicating that homes in Saint Charles are selling remarkably close to their asking prices. This is a testament to the strong demand in our area and a boon for sellers looking to maximize their investment.

Speed of Sales: A Quick Turnaround

Another aspect to consider is the median days on market, which is currently 26 days. This is relatively quick, reflecting a dynamic market that benefits both sides. Buyers can find their dream homes without lengthy waits, and sellers can close deals efficiently.

Median Days on Market Graph for St Charles Illinois

Steady Values: A Strong Market Indicator

Now, let's talk numbers. The median sold price in Saint Charles is an impressive $415,000. This figure not only highlights the desirability of our area but also underscores the stability and health of our local real estate market.

Median Sold Price for Homes Graph in St Charles Illinois

The Bottom Line: A Market Ripe for Action

In summary, the Saint Charles real estate market is robust, characterized by low inventory levels, high demand, quick selling times, and stable home values. Whether you’re planning to buy a home or put one on the market, now is an opportune time to make your move.

If you have questions or need more information, I’m just a call away at 630-402-0021. I’m excited to assist you with your real estate needs.

Posted by The Kombrink Team on


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