Is Bloomingdale Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Bloomingdale Township has remained a Seller's Market.
Housing Prices in Bloomingdale Township, IL
How much do homes in Bloomingdale Township, IL cost?
Median Sold Price
$311,720
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bloomingdale Township was $311,720 in February 2024, up 8.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146K | $162.7K | +11.5% |
2 Bedrooms | $215K | $239K | +11.2% |
3 Bedrooms | $301K | $324.9K | +7.9% |
4 Bedrooms | $384.9K | $400K | +3.9% |
5+ Bedrooms | $520K | $535K | +2.9% |
Summary: Bloomingdale Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
Roselle | $280.9K | $309.9K | +10.3% |
Bloomingdale Township | $287.4K | $311.7K | +8.4% |
Glendale Heights | $248.6K | $265K | +6.6% |
Bloomingdale | $337K | $356.3K | +5.7% |
Carol Stream | $305.9K | $322K | +5.3% |
Housing Supply in Bloomingdale Township, IL
How many homes are available in Bloomingdale Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
186 | 212 | +14.0% |
Summary: The Bloomingdale Township real estate market had 212 homes for sale in February 2024, a 14.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 69 | 74 | +7.2% |
3 Bedrooms | 73 | 87 | +19.2% |
4 Bedrooms | 33 | 39 | +18.2% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Bloomingdale Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
63 | 51 | -19.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Bloomingdale Township in February 2024, down by 19.0% month-over-month. Of the 51 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Bloomingdale Township, IL
How long does it take to sell a home in Bloomingdale Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 16 Days | -58.6% |
Summary: Homes in Bloomingdale Township had an average of 16 days on market in Feb 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 51 homes were sold in Bloomingdale Township; 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.