UPDATE: Homes For Sale in Charlemagne

Real Estate Update: Charlemagne, St Charles Illinois

Homes for sale in Charlemagne of St Charles, Illinois are slowing down as we enter the winter season. No surprise there, but with buyers still searching this neighborhood it may be a great time to sell. Let’s take a closer look...

CURRENT ACTIVITY IN CHARLEMAGNE

• There is one home for sale right now at 3406 Charlemagne Ln. This home is priced at $344,800, above the neighborhood average.
• One home, located at 3107 Blackhawk Ct, is under contract.
• The last closed home in Charlemagne was on December 4th. 3301 Oxbow Ln sold for $349,900, above the neighborhood average.

This data was pulled from the Multiple Listing Service on Thursday, December 17th and represents the previous two weeks of activity.

HOME PRICES IN CHARLEMAGNE

The chart on the left shows average prices of homes for sale in Charlemagne.

This data is comprised of the last 6 months of activity.

As you can see, the average home price is at $322,400.

Of the six homes that have sold during this timeframe, the list price was $302,516.

The average price of homes under contract was at $328,950.

Buyers are obviously leaning towards the lower priced homes, but this still bodes well as there active buyers looking in Charlemagne.

6 MONTH ACTIVITY IN CHARLEMAGNE

This chart shows all real estate activity for Charlemagne during the last 6 months.

Perhaps the best indicator that we are in a sellers market in this neighborhood, 6 homes closed and only 3 active. That equates to a 3 month inventory.

We generally like to see 5-6 months of inventory. When we fall below that, we’re in a sellers market meaning buyers are wanting to move in but the inventory is not keeping up.

This is your best chance to sell your home in Charlemagne.

MARKET TIME FOR CHARLEMAGNE HOMES

Homes for sale in Charlemagne don’t sit on the market for very long.

With an average market time of only 48 days, this is far below the average in St Charles.

Further proving that active buyers want into this neighborhood.

IN CLOSING...

Real estate is about supply and demand. Homes in Charlemagne are hot right now. Buyers outnumber sellers so if you’ve considered putting your home on the market, now is the time! Give our team a call at (630) 488-3300 and we can show you how to leverage current market conditions in your area.

Looking to buy homes for sale in Charlemagne? We’ve got you covered, head over to our website and start your search today. We have the most accurate and up-to-date list available and registration is not required.

This article was originally posted by The Kombrink Lobrillo Team on Active Rain on Thursday, December 17th, 2015.