St. Charles, IL Market Snapshot

St. Charles & Campton Hills, IL

Single Family Homes Sales, Prices and Inventory

Each data point is 12 months of activity.

Number of Home Sales

The total number of single family home sales in the past year has dropped slightly from the record-setting pace in 2018. The sale of homes priced below $300,000 has been brisk in recent years and homes in the middle price category of $300,000 to $500,000 have also sold quite well. Despite high buyer demand, the slight decrease in the number of sales is largely due to low inventory. While the number of sales of higher-priced homes appears to be relatively steady, the total number of sales has significantly lagged compared to lower-priced homes.

Average Sales Price

In St. Charles/Campton Hills over the past year, the average sales price in all categories increased by just over 2%. Lower-priced homes sold for about 2% less in the past year which should give some encouragement to Millenial and first-time homebuyers who would like to purchase a home but have been discouraged by rising prices. Sellers of mid-priced homes saw an average sales price increase of about 2%. While the average sales price of higher-priced homes has decreased in most areas in the western suburbs, in St. Charles/Campton Hills the average sales price increased by almost 3%.

Average Market Time

Market time is the number of days that a house is on the market when it goes under contract. Of the homes that sold over the past year, homes priced below $300,000 went under contract in about 60 days, and 125 days for homes priced from $300,000 to $500,000. Homes priced over $500,000 are on the market for an average of nearly about 170 days - nearly 6 months - before selling.

Average Months Supply

Like most areas in the western suburbs, for the past several years St. Charles/Campton Hills has been in a seller's market for lower and mid-priced homes, and a buyer's market for homes priced over $500,000.

Under 4 months of supply indicates a seller's market with more active buyers than there are homes for sale, so sellers have the upper hand in pricing and negotiating. More than 7 months of supply shows a buyer's market with more homes for sale than active buyers, so buyers can expect to negotiate for more favorable deals. A balanced market with 4 to 6 months of inventory generally has steady sales and prices.