Is Bloomingdale, 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, Bloomingdale has remained a Seller's Market.
Housing Prices in Bloomingdale, IL
How much do homes in Bloomingdale, IL cost?
Median Sold Price
$351,312
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bloomingdale was $351,312 in May 2024, up 3.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $170K | +13.3% |
2 Bedrooms | $221.9K | $288K | +29.8% |
3 Bedrooms | $360K | $363.5K | +1.0% |
4 Bedrooms | $426K | $490K | +15.0% |
5+ Bedrooms | $580K | $800K | +37.9% |
Summary: Bloomingdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Cities
Glendale Heights | $249K | $276K | +10.8% |
Carol Stream | $303K | $334.9K | +10.5% |
Bloomingdale Township | $290.9K | $316.1K | +8.7% |
Roselle | $290K | $315K | +8.6% |
Bloomingdale | $338K | $351.3K | +3.9% |
Housing Supply in Bloomingdale, IL
How many homes are available in Bloomingdale, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 81 | +3.8% |
Summary: The Bloomingdale real estate market had 81 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 32 | 39 | +21.9% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Bloomingdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 21.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 19 | -40.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Bloomingdale in May 2024, down by 40.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for Bloomingdale, IL
How long does it take to sell a home in Bloomingdale, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 11 Days | -6.9% |
Summary: Homes in Bloomingdale had an average of 11 days on market in May 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Bloomingdale; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.