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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$24,245(+8.4%)

Key Takeaway

Homes in Bloomingdale Township have sold for 8.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $146K$162.7K
+11.5%
2 $215K$239K
+11.2%
3 $301K$324.9K
+7.9%
4 $384.9K$400K
+3.9%
5+ $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
+10.3%
Bloomingdale Township
+8.4%
Glendale Heights
+6.6%
Bloomingdale
+5.7%
Carol Stream
+5.3%

Housing Supply in Bloomingdale Township, IL

How many homes are available in Bloomingdale Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
186212+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

# BEDSJan 2024Feb 2024CHANGE
1 65
-16.7%
2 6974
+7.2%
3 7387
+19.2%
4 3339
+18.2%
5+ 57
+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 2024Feb 2024CHANGE
6351-19.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingdale Township, you could pay more than the asking price. 45.1% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
38 Days16 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Bloomingdale Township, IL

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