Is Blue Island, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blue Island is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Blue Island was a Seller's Market.

Key Takeaway

Blue Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Blue Island, IL

How much do homes in Blue Island, IL cost?

Median Sold Price

$215,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+13.2%)

Key Takeaway

Homes in Blue Island have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Blue Island was $215,000 in November 2024, up 13.2% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $50.5K$60K
+18.8%
2 $107.5K$150.2K
+39.8%
3 $199K$210K
+5.5%
4 $193K$256K
+32.6%
5+ $279.9K$272.5K
-2.6%

Summary: Blue Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Cities

Blue Island
+13.2%
Calumet Township
+12.5%
Robbins
-0.8%
Calumet Park
-12.1%

Housing Supply in Blue Island, IL

How many homes are available in Blue Island, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
63630.0%

Summary: The Blue Island real estate market had 63 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1514
-6.7%
3 1919
0.0%
4 1821
+16.7%
5+ 97
-22.2%

Summary: The Blue Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
990.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blue Island, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Blue Island in November 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Blue Island, IL

How long does it take to sell a home in Blue Island, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days15 Days-42.1%

Summary: Homes in Blue Island had an average of 15 days on market in Nov 2024, down by 42.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Blue Island; 89% of homes were sold within 30 days, 11% 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 8 Days Ago

Newest Listings in Blue Island, IL

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