Is Algonquin Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Algonquin Township has remained a Seller's Market.
Housing Prices in Algonquin Township, IL
How much do homes in Algonquin Township, IL cost?
Median Sold Price
$325,303
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Algonquin Township was $325,303 in April 2024, up 8.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $134.9K | +26.1% |
2 Bedrooms | $215.5K | $247K | +14.6% |
3 Bedrooms | $289.9K | $310K | +6.9% |
4 Bedrooms | $385K | $410.7K | +6.7% |
5+ Bedrooms | $445K | $453K | +1.8% |
Summary: Algonquin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $285.6K | $347.7K | +21.7% |
Algonquin | $340K | $368.7K | +8.4% |
Algonquin Township | $300.2K | $325.3K | +8.3% |
Cary | $315K | $334.6K | +6.2% |
Housing Supply in Algonquin Township, IL
How many homes are available in Algonquin Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
290 | 348 | +20.0% |
Summary: The Algonquin Township real estate market had 348 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 56 | 69 | +23.2% |
3 Bedrooms | 120 | 137 | +14.2% |
4 Bedrooms | 89 | 106 | +19.1% |
5+ Bedrooms | 22 | 33 | +50.0% |
Summary: The Algonquin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 97 | -3.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in Algonquin Township in April 2024, down by 3.0% month-over-month. Of the 97 sold homes, 32% were sold under asking, 11% were sold at asking, and 57% were sold over asking.
Days on Market for Algonquin Township, IL
How long does it take to sell a home in Algonquin Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 16 Days | +4.7% |
Summary: Homes in Algonquin Township had an average of 16 days on market in Apr 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 97 homes were sold in Algonquin Township; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.