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 November 2023

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.

Housing Prices in Bartlett, IL

How much do homes in Bartlett, IL cost?

Median Sold Price

$389,025

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,025(+9.6%)

Key Takeaway

Homes in Bartlett have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Bartlett was $389,025 in November 2024, up 9.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $157K$162K
+3.2%
2 $270K$295K
+9.3%
3 $350K$380K
+8.6%
4 $460K$477.5K
+3.8%
5+ $500K$575.1K
+15.0%

Summary: Bartlett housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Wayne Township
+13.5%
Bartlett
+9.6%
Hanover Township
+9.4%
Streamwood
+8.9%
Hanover Park
+7.9%

Housing Supply in Bartlett, IL

How many homes are available in Bartlett, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
117106-9.4%

Summary: The Bartlett real estate market had 106 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2021
+5.0%
3 5849
-15.5%
4 3531
-11.4%
5+ 45
+25.0%

Summary: The Bartlett 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 increased by 5%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4626-43.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bartlett, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Bartlett in November 2024, down by 43.5% month-over-month. Of the 26 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for Bartlett, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days17 Days+14.1%

Summary: Homes in Bartlett had an average of 17 days on market in Nov 2024, up by 14.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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.

Summary: During November 2024, 26 homes were sold in Bartlett; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

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