Is Carpentersville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carpentersville is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Carpentersville has remained a Seller's Market.

Key Takeaway

Carpentersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Carpentersville, IL

How much do homes in Carpentersville, IL cost?

Median Sold Price

$255,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,333(+10.1%)

Key Takeaway

Homes in Carpentersville have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Carpentersville was $255,000 in April 2024, up 10.1% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $133.9K$161.9K
+20.9%
2 $198.7K$229K
+15.2%
3 $230K$251.9K
+9.5%
4 $385K$375K
-2.6%
5+ $455K$447.4K
-1.7%

Summary: Carpentersville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Cities

Dundee Township
+10.8%
Carpentersville
+10.1%
Algonquin
+8.4%
East Dundee
+8.1%
West Dundee
-0.7%

Housing Supply in Carpentersville, IL

How many homes are available in Carpentersville, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6876+11.8%

Summary: The Carpentersville real estate market had 76 homes for sale in April 2024, a 11.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1215
+25.0%
3 3338
+15.2%
4 1718
+5.9%
5+ 54
-20.0%

Summary: The Carpentersville 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 25%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2325+8.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carpentersville, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Carpentersville in April 2024, up by 8.7% month-over-month. Of the 25 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Carpentersville, IL

How long does it take to sell a home in Carpentersville, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days28 Days+33.5%

Summary: Homes in Carpentersville had an average of 28 days on market in Apr 2024, up by 33.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Carpentersville are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 25 homes were sold in Carpentersville; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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