Is Bartlett, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bartlett is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bartlett, IL

How much do homes in Bartlett, IL cost?

Median Sold Price

$386,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,000(+8.7%)

Key Takeaway

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

Summary: The median home sold price in Bartlett was $386,000 in October 2024, up 8.7% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $157K$162K
+3.2%
2 $270K$289.9K
+7.4%
3 $347.2K$380K
+9.4%
4 $450K$475K
+5.6%
5+ $520K$557.5K
+7.2%

Summary: Bartlett housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Cities

Wayne Township
+12.7%
Streamwood
+11.2%
Hanover Township
+10.5%
Hanover Park
+9.1%
Bartlett
+8.7%

Housing Supply in Bartlett, IL

How many homes are available in Bartlett, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
126130+3.2%

Summary: The Bartlett real estate market had 130 homes for sale in October 2024, a 3.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2222
0.0%
3 6265
+4.8%
4 3938
-2.6%
5+ 35
+66.7%

Summary: The Bartlett housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3644+22.2%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bartlett, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Bartlett in October 2024, up by 22.2% month-over-month. Of the 44 sold homes, 57% were sold under asking, 11% were sold at asking, and 32% were sold over asking.

Days on Market for Bartlett, IL

How long does it take to sell a home in Bartlett, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days17 Days+38.0%

Summary: Homes in Bartlett had an average of 17 days on market in Oct 2024, up by 38% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 44 homes were sold in Bartlett; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% 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 16 Days Ago

Newest Listings in Bartlett, IL

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