Is Bartlett, 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, Bartlett has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $162K | +13.7% |
2 Bedrooms | $257K | $280K | +8.9% |
3 Bedrooms | $336K | $365K | +8.6% |
4 Bedrooms | $447.7K | $470K | +5.0% |
5+ Bedrooms | $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 | $260K | $295K | +13.5% |
Wayne Township | $342.6K | $379.6K | +10.8% |
Hanover Township | $275K | $304.8K | +10.8% |
Hanover Park | $274.7K | $294.7K | +7.3% |
Bartlett | $350K | $370.3K | +5.8% |
Housing Supply in Bartlett, IL
How many homes are available in Bartlett, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 144 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 26 | 31 | +19.2% |
3 Bedrooms | 45 | 55 | +22.2% |
4 Bedrooms | 38 | 53 | +39.5% |
5+ Bedrooms | 5 | 3 | -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 2024 | May 2024 | CHANGE |
---|---|---|
41 | 38 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 11 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
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.