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 May 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

$370,347

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,347(+5.8%)

Key Takeaway

Homes in Bartlett have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Bartlett was $370,347 in May 2024, up 5.8% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $142.5K$162K
+13.7%
2 $257K$280K
+8.9%
3 $336K$365K
+8.6%
4 $447.7K$470K
+5.0%
5+ $500K$540K
+8.0%

Summary: Bartlett housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Streamwood
+13.5%
Wayne Township
+10.8%
Hanover Township
+10.8%
Hanover Park
+7.3%
Bartlett
+5.8%

Housing Supply in Bartlett, IL

How many homes are available in Bartlett, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
115144+25.2%

Summary: The Bartlett real estate market had 144 homes for sale in May 2024, a 25.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 2631
+19.2%
3 4555
+22.2%
4 3853
+39.5%
5+ 53
-40.0%

Summary: The Bartlett housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4138-7.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bartlett, you could pay more than the asking price. 76.3% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Bartlett in May 2024, down by 7.3% month-over-month. Of the 38 sold homes, 21% were sold under asking, 3% were sold at asking, and 76% 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

May 2023May 2024CHANGE
7 Days11 Days+48.2%

Summary: Homes in Bartlett had an average of 11 days on market in May 2024, up by 48.2% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 May 2024, 38 homes were sold in Bartlett; 84% of homes were sold within 30 days, 16% 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 3 Days Ago

Newest Listings in Bartlett, IL

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