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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Bloomingdale, IL

How much do homes in Bloomingdale, IL cost?

Median Sold Price

$350,000

$202/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since March 2023.

Key Takeaway

The sold price of homes in Bloomingdale has remained the same since last year.

Summary: The median home sold price in Bloomingdale was $350,000 in March 2024, the same as last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $148.8K$169K
+13.5%
2 $230K$270K
+17.4%
3 $361K$375K
+3.9%
4 $442.5K$450K
+1.7%
5+ $600K$850K
+41.7%

Summary: Bloomingdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 41.7%.

Median Sold Price Compared To Nearby Cities

Roselle
+9.9%
Bloomingdale Township
+7.3%
Glendale Heights
+6.2%
Carol Stream
+4.9%
Bloomingdale
0.0%

Housing Supply in Bloomingdale, IL

How many homes are available in Bloomingdale, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5881+39.7%

Summary: The Bloomingdale real estate market had 81 homes for sale in March 2024, a 39.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 54
-20.0%
2 2024
+20.0%
3 1827
+50.0%
4 1324
+84.6%
5+ 22
0.0%

Summary: The Bloomingdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 84.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1126+136.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingdale, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Bloomingdale in March 2024, up by 136.4% month-over-month. Of the 26 sold homes, 42% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for Bloomingdale, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
20 Days34 Days+72.2%

Summary: Homes in Bloomingdale had an average of 34 days on market in Mar 2024, up by 72.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 26 homes were sold in Bloomingdale; 73% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% 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 26 Days Ago

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