Is Blue Island, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Blue Island was a Seller's Market.
Housing Prices in Blue Island, IL
How much do homes in Blue Island, IL cost?
Median Sold Price
$190,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Blue Island was $190,000 in November 2023, down 8.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $50.5K | +1.0% |
2 Bedrooms | $150K | $107.5K | -28.3% |
3 Bedrooms | $202.5K | $199.5K | -1.5% |
4 Bedrooms | $237.5K | $192.5K | -18.9% |
5+ Bedrooms | $260K | $279.9K | +7.7% |
Summary: Blue Island housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 28.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Robbins | $93K | $119K | +28.0% |
Calumet Park | $159.4K | $165K | +3.5% |
Dixmoor | $129.5K | $131K | +1.2% |
Calumet Township | $171K | $160K | -6.4% |
Blue Island | $208K | $190K | -8.7% |
Housing Supply in Blue Island, IL
How many homes are available in Blue Island, IL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Blue Island real estate market had 54 homes for sale in November 2023, a 12.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Blue Island housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Blue Island in November 2023, down by 25.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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 2022 | Nov 2023 | CHANGE |
---|---|---|
17 Days | 26 Days | +51.5% |
Summary: Homes in Blue Island had an average of 26 days on market in Nov 2023, up by 51.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2023, 9 homes were sold in Blue Island; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.