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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bensenville is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Bensenville was a Seller's Market.

Key Takeaway

Bensenville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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 November 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 November 2024, up 16.4% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $126.3K$126.2K
-0.1%
2 $205K$214K
+4.4%
3 $302K$340K
+12.6%
4 $375K$347K
-7.5%
5+ $448K$400K
-10.7%

Summary: Bensenville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Cities

Bensenville
+16.4%
Wood Dale
+13.1%
Addison Township
+9.7%
Leyden Township
+6.5%
Franklin Park
+6.2%

Housing Supply in Bensenville, IL

How many homes are available in Bensenville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3736-2.7%

Summary: The Bensenville real estate market had 36 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 108
-20.0%
3 2017
-15.0%
4 15
+400.0%
5+ 33
0.0%

Summary: The Bensenville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 400%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

5 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. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Bensenville in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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

Nov 2023Nov 2024CHANGE
29 Days15 Days-47.0%

Summary: Homes in Bensenville had an average of 15 days on market in Nov 2024, down by 47% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was 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 November 2024, 6 homes were sold in Bensenville; 83% of homes were sold within 30 days, 17% 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 17 Days Ago

Newest Listings in Bensenville, IL

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