Is Bolingbrook, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bolingbrook is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Bolingbrook, IL

How much do homes in Bolingbrook, IL cost?

Median Sold Price

$340,055

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,055(+8.0%)

Key Takeaway

Homes in Bolingbrook have sold for 8% more than they did a year ago.

Summary: The median home sold price in Bolingbrook was $340,055 in May 2024, up 8% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $117.5K$120K
+2.1%
2 $225.5K$238K
+5.5%
3 $283.6K$306K
+7.9%
4 $372.2K$400K
+7.5%
5+ $361K$460K
+27.4%

Summary: Bolingbrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 27.4%.

Median Sold Price Compared To Nearby Cities

Naperville
+9.9%
Du Page Township
+9.7%
Bolingbrook
+8.0%
Romeoville
+7.7%
Woodridge
+1.6%

Housing Supply in Bolingbrook, IL

How many homes are available in Bolingbrook, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
191219+14.7%

Summary: The Bolingbrook real estate market had 219 homes for sale in May 2024, a 14.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1820
+11.1%
3 8197
+19.8%
4 7381
+11.0%
5+ 1921
+10.5%

Summary: The Bolingbrook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6763-6.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bolingbrook, you could pay more than the asking price. 54% of homes here sold above asking price last month.

Summary: A total of 63 homes were sold or pending in Bolingbrook in May 2024, down by 6.0% month-over-month. Of the 63 sold homes, 35% were sold under asking, 11% were sold at asking, and 54% were sold over asking.

Days on Market for Bolingbrook, IL

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

Average Sale Time

May 2023May 2024CHANGE
16 Days14 Days-14.0%

Summary: Homes in Bolingbrook had an average of 14 days on market in May 2024, down by 14% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 63 homes were sold in Bolingbrook; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% 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 19 Days Ago

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