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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bensenville is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Bensenville, IL

How much do homes in Bensenville, IL cost?

Median Sold Price

$289,900

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,783(+2.8%)

Key Takeaway

Homes in Bensenville have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Bensenville was $289,900 in March 2024, up 2.8% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $120K$130K
+8.3%
2 $206K$200K
-2.9%
3 $300K$321.5K
+7.2%
4 $325K$334.5K
+2.9%
5+ $307.5K$530K
+72.4%

Summary: Bensenville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 72.4%.

Median Sold Price Compared To Nearby Cities

Franklin Park
+9.1%
Leyden Township
+8.8%
Addison Township
+5.9%
Bensenville
+2.8%
Wood Dale
+1.6%

Housing Supply in Bensenville, IL

How many homes are available in Bensenville, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2733+22.2%

Summary: The Bensenville real estate market had 33 homes for sale in March 2024, a 22.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 02
+100.0%
2 79
+28.6%
3 1618
+12.5%
4 22
0.0%
5+ 22
0.0%

Summary: The Bensenville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bensenville, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Bensenville in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.

Days on Market for Bensenville, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
20 Days49 Days+139.0%

Summary: Homes in Bensenville had an average of 49 days on market in Mar 2024, up by 139% compared to last year.

Breakdown of Home Sale Times

5 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 Bensenville are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 12 homes were sold in Bensenville; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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 15 Days Ago

Newest Listings in Bensenville, IL

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