Is Bloomingdale Township, 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, Bloomingdale Township has remained a Seller's Market.
Housing Prices in Bloomingdale Township, IL
How much do homes in Bloomingdale Township, IL cost?
Median Sold Price
$316,128
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bloomingdale Township was $316,128 in May 2024, up 8.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $165K | +12.2% |
2 Bedrooms | $215K | $245.3K | +14.1% |
3 Bedrooms | $305K | $328.7K | +7.8% |
4 Bedrooms | $385K | $416.7K | +8.2% |
5+ Bedrooms | $467.5K | $570K | +21.9% |
Summary: Bloomingdale Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
Glendale Heights | $249K | $276K | +10.8% |
Carol Stream | $303K | $334.9K | +10.5% |
Bloomingdale Township | $290.9K | $316.1K | +8.7% |
Roselle | $290K | $315K | +8.6% |
Bloomingdale | $338K | $351.3K | +3.9% |
Housing Supply in Bloomingdale Township, IL
How many homes are available in Bloomingdale Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
268 | 322 | +20.1% |
Summary: The Bloomingdale Township real estate market had 322 homes for sale in May 2024, a 20.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 81 | 93 | +14.8% |
3 Bedrooms | 104 | 135 | +29.8% |
4 Bedrooms | 69 | 71 | +2.9% |
5+ Bedrooms | 8 | 17 | +112.5% |
Summary: The Bloomingdale Township 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 14.8%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 112.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 93 | +3.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Bloomingdale Township in May 2024, up by 3.3% month-over-month. Of the 93 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for Bloomingdale Township, IL
How long does it take to sell a home in Bloomingdale Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 14 Days | +11.3% |
Summary: Homes in Bloomingdale Township had an average of 14 days on market in May 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 93 homes were sold in Bloomingdale Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.