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 February 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

$325,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,258(+3.6%)

Key Takeaway

Homes in Bolingbrook have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Bolingbrook was $325,000 in February 2024, up 3.6% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $117.5K$120K
+2.1%
2 $220K$235K
+6.8%
3 $276K$300.9K
+9.0%
4 $380K$388.8K
+2.3%
5+ $367.4K$455K
+23.8%

Summary: Bolingbrook housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 23.8%.

Median Sold Price Compared To Nearby Cities

Romeoville
+7.8%
Du Page Township
+7.7%
Naperville
+7.0%
Bolingbrook
+3.6%
Woodridge
+2.4%

Housing Supply in Bolingbrook, IL

How many homes are available in Bolingbrook, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
131154+17.6%

Summary: The Bolingbrook real estate market had 154 homes for sale in February 2024, a 17.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1115
+36.4%
3 5462
+14.8%
4 5062
+24.0%
5+ 1514
-6.7%

Summary: The Bolingbrook housing inventory by bedroom type for February 2024 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 14.8%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3044+46.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

23 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. 52.3% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in Bolingbrook in February 2024, up by 46.7% month-over-month. Of the 44 sold homes, 41% were sold under asking, 7% were sold at asking, and 52% 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

Feb 2023Feb 2024CHANGE
36 Days26 Days-28.8%

Summary: Homes in Bolingbrook had an average of 26 days on market in Feb 2024, down by 28.8% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 February 2024, 44 homes were sold in Bolingbrook; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% 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 18 Days Ago

Newest Listings in Bolingbrook, IL

Nearby Markets to Bolingbrook, IL

What housing markets are near Bolingbrook, IL?