Is Bloomingdale Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bloomingdale Township has remained a Seller's Market.

Key Takeaway

Bloomingdale Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$25,183(+8.7%)

Key Takeaway

Homes in Bloomingdale Township have sold for 8.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $147K$165K
+12.2%
2 $215K$245.3K
+14.1%
3 $305K$328.7K
+7.8%
4 $385K$416.7K
+8.2%
5+ $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
+10.8%
Carol Stream
+10.5%
Bloomingdale Township
+8.7%
Roselle
+8.6%
Bloomingdale
+3.9%

Housing Supply in Bloomingdale Township, IL

How many homes are available in Bloomingdale Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
268322+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

# BEDSApr 2024May 2024CHANGE
1 66
0.0%
2 8193
+14.8%
3 104135
+29.8%
4 6971
+2.9%
5+ 817
+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 2024May 2024CHANGE
9093+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingdale Township, you could pay more than the asking price. 63.4% of homes here sold above asking price last month.

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 2023May 2024CHANGE
12 Days14 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bloomingdale Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Bloomingdale Township, IL

Nearby Markets to Bloomingdale Township, IL

What housing markets are near Bloomingdale Township, IL?