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 October 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

$365,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,062(+4.0%)

Key Takeaway

Homes in Bloomingdale have sold for 4% more than they did a year ago.

Summary: The median home sold price in Bloomingdale was $365,000 in October 2024, up 4% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $168.5K$181.1K
+7.5%
2 $245K$310K
+26.5%
3 $377K$365K
-3.2%
4 $445K$478.7K
+7.6%
5+ $830K$700K
-15.7%

Summary: Bloomingdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 26.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 15.7%.

Median Sold Price Compared To Nearby Cities

Glendale Heights
+16.0%
Carol Stream
+12.9%
Roselle
+10.2%
Bloomingdale Township
+9.6%
Bloomingdale
+4.0%

Housing Supply in Bloomingdale, IL

How many homes are available in Bloomingdale, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7890+15.4%

Summary: The Bloomingdale real estate market had 90 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 36
+100.0%
2 2328
+21.7%
3 3539
+11.4%
4 1312
-7.7%
5+ 45
+25.0%

Summary: The Bloomingdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2619-26.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 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. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Bloomingdale in October 2024, down by 26.9% month-over-month. Of the 19 sold homes, 53% were sold under asking, 0% were sold at asking, and 47% 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

Oct 2023Oct 2024CHANGE
20 Days15 Days-22.6%

Summary: Homes in Bloomingdale had an average of 15 days on market in Oct 2024, down by 22.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 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.

Summary: During October 2024, 19 homes were sold in Bloomingdale; 84% of homes were sold within 30 days, 16% 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 6 Days Ago

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