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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bensenville is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bensenville, IL

How much do homes in Bensenville, IL cost?

Median Sold Price

$320,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+16.4%)

Key Takeaway

Homes in Bensenville have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Bensenville was $320,000 in October 2024, up 16.4% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $124.6K$129.9K
+4.3%
2 $209K$220K
+5.3%
3 $302K$338.9K
+12.2%
4 $308.5K$387K
+25.4%
5+ $435K$465K
+6.9%

Summary: Bensenville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Cities

Bensenville
+16.4%
Wood Dale
+13.5%
Franklin Park
+9.0%
Addison Township
+8.9%
Leyden Township
+7.2%

Housing Supply in Bensenville, IL

How many homes are available in Bensenville, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3344+33.3%

Summary: The Bensenville real estate market had 44 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 910
+11.1%
3 1824
+33.3%
4 34
+33.3%
5+ 13
+200.0%

Summary: The Bensenville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bensenville, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Bensenville in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.

Days on Market for Bensenville, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days19 Days+9.4%

Summary: Homes in Bensenville had an average of 19 days on market in Oct 2024, up by 9.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Bensenville; 73% of homes were sold within 30 days, 27% 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 16 Days Ago

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