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 September 2021

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.

How much do homes in Bloomingdale, IL cost?

Median Sold Price

$330,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$20,000(+6.5%)

Key Takeaway

Homes in Bloomingdale have sold for 6.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $135K$146K
+8.1%
2 $205.5K$219.9K
+7.0%
3 $328K$347K
+5.8%
4 $390K$440K
+12.8%
5+ $440K$615K
+39.8%

Median Sold Price Compared To Nearby Cities

Carol Stream
+10.2%
Glendale Heights
+7.7%
Roselle
+7.1%
Bloomingdale
+6.5%
Bloomingdale Township
+6.1%

How many homes are available in Bloomingdale, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
9786-11.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 108
-20.0%
2 2325
+8.7%
3 3633
-8.3%
4 2618
-30.8%
5+ 22
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
3926-33.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 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. 69.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
21 Days20 Days-2.2%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bloomingdale, IL

There are 86 homes are for sale in Bloomingdale, IL real estate market. The number of listings in Bloomingdale, IL decreased by 11.3% between August 2022 and September 2022. Listings spent 20 days on the market in September 2022, and had a median list price of $330,000 during the same period. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 8.1%, prices of 2 bedrooms properties went up by 7%, prices of 3 bedrooms properties increased by 5.8%, prices of 4 bedrooms properties increased by 12.8%, prices of 5 bedrooms properties increased by 39.8%. This housing market inventory have changed: 1 bedroom homes became 20% less available, volume of 2 bedrooms homes went up by 8.7%, volume of 3 bedrooms homes went down by 8.3%, number of 4 bedrooms homes decreased by 30.8%, 5 bedrooms homes inventory did not change. Over 2 listings were sold over their listed price in September 2022 in Bloomingdale, IL. In the same period over 18 listings were sold below the listed price and 6 listings were sold for the listed price.

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