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 March 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

$329,890

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,140(+4.8%)

Key Takeaway

Homes in Bolingbrook have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Bolingbrook was $329,890 in March 2024, up 4.8% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $117.5K$120K
+2.1%
2 $225K$230K
+2.2%
3 $280K$300K
+7.1%
4 $375.7K$391K
+4.1%
5+ $367.4K$455K
+23.8%

Summary: Bolingbrook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 23.8%.

Median Sold Price Compared To Nearby Cities

Naperville
+8.6%
Romeoville
+7.2%
Du Page Township
+7.0%
Bolingbrook
+4.8%
Woodridge
+1.0%

Housing Supply in Bolingbrook, IL

How many homes are available in Bolingbrook, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
155177+14.2%

Summary: The Bolingbrook real estate market had 177 homes for sale in March 2024, a 14.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 1516
+6.7%
3 6475
+17.2%
4 6072
+20.0%
5+ 1514
-6.7%

Summary: The Bolingbrook housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4847-2.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

27 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. 57.4% of homes here sold above asking price last month.

Summary: A total of 47 homes were sold or pending in Bolingbrook in March 2024, down by 2.1% month-over-month. Of the 47 sold homes, 23% were sold under asking, 19% were sold at asking, and 57% 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

Mar 2023Mar 2024CHANGE
25 Days17 Days-32.5%

Summary: Homes in Bolingbrook had an average of 17 days on market in Mar 2024, down by 32.5% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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 March 2024, 47 homes were sold in Bolingbrook; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% 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 25 Days Ago

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