How Competitive is the St. Charles, IL Housing Market?
St. Charles, a city near Chicago, IL, is a highly competitive housing market. About 56% of homes sold above list price in the 3 months ending June 2026—up 10 percentage points from a year ago.
The National Picture
The national sold-above rate sits at 24.6% with a 50-day median time on market. St. Charles blows past both benchmarks—56.7% selling above asking in just 43 days. For buyers coming from calmer markets, the pace here can feel relentless.
Bidding Above Asking Jumps 10 Points This Year
The sold-above rate jumped 10 percentage points year over year to 57%, the second-largest gain in the Kane County area. Homes sell at 102.1% of asking and 68% go under contract within two weeks. Neighboring Geneva (59%, 66% off-market) and Batavia (61%, 66%) show similar competitive intensity, creating a consistently hot tri-city corridor west of Chicago.
Why is St. Charles Highly Competitive?
St. Charles is highly competitive because strong suburban demand meets limited housing turnover, keeping supply well below buyer appetite. At 2.4 months of supply, the market tilts firmly toward sellers. Price drops affect just 14% of active listings, showing most sellers price accurately. A 1-day increase in days on market has not eased the competition.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Mkt in 2 Wks |
|---|---|---|---|---|
| St. Charles | 56.7% | 102.1% | 43 days | 67.9% |
| Batavia, IL | 60.9% | 102.1% | 45 days | 66.1% |
| Geneva, IL | 59.4% | 102.3% | 41 days | 65.9% |
| Aurora, IL | 48.4% | 100.8% | 46 days | 58.1% |
| Elgin, IL | 49.1% | 100.9% | 48 days | 61.9% |
| Montgomery, IL | 60.4% | 100.7% | 43 days | 68.3% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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