Is Bolingbrook, 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, Bolingbrook has remained a Seller's Market.
Housing Prices in Bolingbrook, IL
How much do homes in Bolingbrook, IL cost?
Median Sold Price
$340,055
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bolingbrook was $340,055 in May 2024, up 8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $120K | +2.1% |
2 Bedrooms | $225.5K | $238K | +5.5% |
3 Bedrooms | $283.6K | $306K | +7.9% |
4 Bedrooms | $372.2K | $400K | +7.5% |
5+ Bedrooms | $361K | $460K | +27.4% |
Summary: Bolingbrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
Naperville | $507.8K | $558.1K | +9.9% |
Du Page Township | $290.2K | $318.3K | +9.7% |
Bolingbrook | $315K | $340K | +8.0% |
Romeoville | $260K | $280K | +7.7% |
Woodridge | $344.6K | $350K | +1.6% |
Housing Supply in Bolingbrook, IL
How many homes are available in Bolingbrook, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
191 | 219 | +14.7% |
Summary: The Bolingbrook real estate market had 219 homes for sale in May 2024, a 14.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 81 | 97 | +19.8% |
4 Bedrooms | 73 | 81 | +11.0% |
5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Bolingbrook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 63 | -6.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Bolingbrook in May 2024, down by 6.0% month-over-month. Of the 63 sold homes, 35% were sold under asking, 11% were sold at asking, and 54% were sold over asking.
Days on Market for Bolingbrook, IL
How long does it take to sell a home in Bolingbrook, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 14 Days | -14.0% |
Summary: Homes in Bolingbrook had an average of 14 days on market in May 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 63 homes were sold in Bolingbrook; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.