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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bensenville is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Bensenville was a Seller's Market.

Key Takeaway

Bensenville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bensenville, IL

How much do homes in Bensenville, IL cost?

Median Sold Price

$320,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+16.4%)

Key Takeaway

Homes in Bensenville have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Bensenville was $320,000 in November 2024, up 16.4% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $126.3K$126.2K
-0.1%
2 $205K$214K
+4.4%
3 $302K$340K
+12.6%
4 $375K$347K
-7.5%
5+ $448K$400K
-10.7%

Summary: Bensenville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Cities

Bensenville
+16.4%
Wood Dale
+13.1%
Addison Township
+9.7%
Leyden Township
+6.5%
Franklin Park
+6.2%

Housing Supply in Bensenville, IL

How many homes are available in Bensenville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3736-2.7%

Summary: The Bensenville real estate market had 36 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 108
-20.0%
3 2017
-15.0%
4 15
+400.0%
5+ 33
0.0%

Summary: The Bensenville 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 decreased by 20%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 400%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bensenville, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Bensenville in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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

Nov 2023Nov 2024CHANGE
29 Days15 Days-47.0%

Summary: Homes in Bensenville had an average of 15 days on market in Nov 2024, down by 47% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 November 2024, 6 homes were sold in Bensenville; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Bensenville, IL

Nearby Markets to Bensenville, IL

What housing markets are near Bensenville, IL?