Is Cary, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cary has remained a Seller's Market.
Housing Prices in Cary, IL
How much do homes in Cary, IL cost?
Median Sold Price
$335,375
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cary was $335,375 in May 2024, up 6.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $166K | -49.7% |
2 Bedrooms | $226.5K | $250K | +10.4% |
3 Bedrooms | $296K | $327K | +10.5% |
4 Bedrooms | $384K | $422.5K | +10.0% |
5+ Bedrooms | $429.9K | $451K | +4.9% |
Summary: Cary housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $290.9K | $350K | +20.3% |
Algonquin Township | $300.4K | $330K | +9.8% |
Algonquin | $340K | $369.9K | +8.8% |
Cary | $315K | $335.3K | +6.5% |
Housing Supply in Cary, IL
How many homes are available in Cary, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 85 | +10.4% |
Summary: The Cary real estate market had 85 homes for sale in May 2024, a 10.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 33 | 31 | -6.1% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Cary housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Cary in May 2024, up by 4.0% month-over-month. Of the 26 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.
Days on Market for Cary, IL
How long does it take to sell a home in Cary, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 12 Days | -5.2% |
Summary: Homes in Cary had an average of 12 days on market in May 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Cary; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.