Is Bolingbrook, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Bolingbrook has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $120K | +2.1% |
2 Bedrooms | $220K | $235K | +6.8% |
3 Bedrooms | $276K | $300.9K | +9.0% |
4 Bedrooms | $380K | $388.8K | +2.3% |
5+ Bedrooms | $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 | $255K | $275K | +7.8% |
Du Page Township | $287.7K | $310K | +7.7% |
Naperville | $507.8K | $543.5K | +7.0% |
Bolingbrook | $313.7K | $325K | +3.6% |
Woodridge | $340K | $348.2K | +2.4% |
Housing Supply in Bolingbrook, IL
How many homes are available in Bolingbrook, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
131 | 154 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 54 | 62 | +14.8% |
4 Bedrooms | 50 | 62 | +24.0% |
5+ Bedrooms | 15 | 14 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 44 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 26 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
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.