Is Blue Island, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blue Island is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Blue Island 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 Blue Island, IL

How much do homes in Blue Island, IL cost?

Median Sold Price

$218,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$27,000(+14.1%)

Key Takeaway

Homes in Blue Island have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Blue Island was $218,000 in December 2024, up 14.1% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $50.5K$60K
+18.8%
2 $115K$155K
+34.8%
3 $195K$211.5K
+8.5%
4 $198.5K$262K
+32.0%
5+ $279.9K$272.5K
-2.6%

Summary: Blue Island housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 32%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Cities

Blue Island
+14.1%
Calumet Township
+13.1%
Robbins
-0.8%
Calumet Park
-9.4%

Housing Supply in Blue Island, IL

How many homes are available in Blue Island, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5460+11.1%

Summary: The Blue Island real estate market had 60 homes for sale in December 2024, a 11.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 1411
-21.4%
3 1817
-5.6%
4 1522
+46.7%
5+ 59
+80.0%

Summary: The Blue Island housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 80%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

4 Homes Were 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 Blue Island, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Blue Island in December 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.

Days on Market for Blue Island, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
37 Days18 Days-49.7%

Summary: Homes in Blue Island had an average of 18 days on market in Dec 2024, down by 49.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 9 homes were sold in Blue Island; 78% of homes were sold within 30 days, 22% 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 4 Days Ago

Newest Listings in Blue Island, IL

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