Good afternoon everyone, I’m Nick Kein, part of The Kombrink Team at One Source Realty, serving Streamwood, Illinois. Today’s vlog brings you an exciting update on our local real estate market for April 2024.

Current Market Conditions

Streamwood is experiencing an extremely tight market, with a mere .28 Months Supply of Inventory available. This extraordinarily low inventory means that the market is intensely competitive for both buyers and sellers. Over the past year, there's been a significant 47% decrease in the Months Supply of Inventory, underscoring a high demand for homes in our area.

Streamwood IL April 2024 Months Supply of Housing Inventory

Pricing Dynamics

Our List to Sold Price percentage stands impressively at 103%, which means that sellers are generally selling their homes for slightly above the listing price. This trend is a positive sign for those looking to maximize returns on their real estate investments.

Streamwood IL April 2024 List to Sold Price Ratio

Speed of Sales

Properties are moving fast here in Streamwood, with the median days on market at only 10 days. This swift turnover indicates that buyers need to be quick and decisive when they find a home they're interested in.

Streamwood IL April 2024 Median Market Time

Median Sold Price

The median sold price in Streamwood currently sits at $282,250, reflecting a stable and growing market. This figure is a strong indicator of the value of homes in our area and suggests that the local real estate market is robust.

Streamwood IL April 2024 Median Sold Price

Overall Insights

Streamwood is undoubtedly a hot market right now, characterized by low inventory, high demand, and quick sales. Whether you’re planning to buy or sell, now is an opportune time to engage in our thriving real estate market.

Thank you for watching this market update. If you have any questions about buying or selling a home in Streamwood or just want to discuss the current market conditions, please don’t hesitate to reach out to me at 630-405-3855. I’m here to assist with all your real estate needs. Stay tuned for more updates and tips on navigating the real estate market. Until next time, take care!


For further information or to discuss your real estate needs, feel free to contact me anytime.

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