Is Bloomingdale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bloomingdale has remained a Seller's Market.
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.
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148.8K | $169K | +13.5% |
2 Bedrooms | $230K | $270K | +17.4% |
3 Bedrooms | $361K | $375K | +3.9% |
4 Bedrooms | $442.5K | $450K | +1.7% |
5+ Bedrooms | $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 | $282K | $310K | +9.9% |
Bloomingdale Township | $290K | $311K | +7.3% |
Glendale Heights | $249.5K | $265K | +6.2% |
Carol Stream | $309.7K | $325K | +4.9% |
Bloomingdale | $350K | $350K | 0.0% |
Housing Supply in Bloomingdale, IL
How many homes are available in Bloomingdale, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 81 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 18 | 27 | +50.0% |
4 Bedrooms | 13 | 24 | +84.6% |
5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 26 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 34 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
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.