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 March 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

$370,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,061(+5.7%)

Key Takeaway

Homes in Bartlett have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Bartlett was $370,000 in March 2024, up 5.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $130K$157K
+20.8%
2 $255K$279K
+9.4%
3 $333K$360K
+8.1%
4 $440K$460K
+4.5%
5+ $510K$560K
+9.8%

Summary: Bartlett housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Cities

Streamwood
+11.8%
Hanover Township
+8.5%
Hanover Park
+7.7%
Wayne Township
+7.2%
Bartlett
+5.7%

Housing Supply in Bartlett, IL

How many homes are available in Bartlett, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
73106+45.2%

Summary: The Bartlett real estate market had 106 homes for sale in March 2024, a 45.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2128
+33.3%
3 2436
+50.0%
4 2233
+50.0%
5+ 58
+60.0%

Summary: The Bartlett housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2038+90.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

20 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. 52.6% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Bartlett in March 2024, up by 90.0% month-over-month. Of the 38 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% 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

Mar 2023Mar 2024CHANGE
23 Days22 Days-2.9%

Summary: Homes in Bartlett had an average of 22 days on market in Mar 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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 March 2024, 38 homes were sold in Bartlett; 82% of homes were sold within 30 days, 11% 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 22 Days Ago

Newest Listings in Bartlett, IL

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