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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bartlett is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Bartlett, IL cost?

Median Sold Price

$338,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$28,650(+9.3%)

Key Takeaway

Homes in Bartlett have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $128.5K$138.7K
+8.0%
2 $220K$248K
+12.7%
3 $292.7K$325K
+11.0%
4 $365K$421K
+15.3%
5+ $458.2K$485K
+5.8%

Median Sold Price Compared To Nearby Cities

Hanover Township
+11.2%
Bartlett
+9.3%
Wayne Township
+8.8%
Streamwood
+8.7%
Hanover Park
+7.8%

How many homes are available in Bartlett, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
174173-0.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 3632
-11.1%
3 6663
-4.5%
4 6464
0.0%
5+ 713
+85.7%

Number of Homes Sold

Jul 2022Aug 2022%
5744-22.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bartlett, you could pay more than the asking price. 47.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
13 Days15 Days+15.4%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bartlett, IL

There are 173 homes are for sale in Bartlett, IL real estate market. In August 2022 in Bartlett, IL there were 0.6% less homes for sale than in July 2022. In August 2022 median list price was $338,000 and the average listing age was 15 days. This housing market listing prices have changed between July 2022 and August 2022: the cost of 1 bedroom properties went up by 8%, 2 bedrooms properties prices increased by 12.7%, 3 bedrooms properties prices increased by 11%, the cost of 4 bedrooms properties went up by 15.3%, 5 bedrooms properties became 5.8% more expensive. This housing market inventory have changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 11.1%, 3 bedrooms homes inventory decreased by 4.5%, 4 bedrooms homes inventory did not change, 5 bedrooms homes became 85.7% more available. In August 2022, from all listings sold in Bartlett, IL there were more than 21 sold above asking price, over 18 sold below and more than 5 were sold right at the asked price.

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