Is Boulder Hill, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boulder Hill is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Boulder Hill, IL

How much do homes in Boulder Hill, IL cost?

Median Sold Price

$250,500

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,500(+4.4%)

Key Takeaway

Homes in Boulder Hill have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Boulder Hill was $250,500 in March 2024, up 4.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$210K
N/A
2 $185.5K$220K
+18.6%
3 $239K$260K
+8.8%
4 $255.5K$267K
+4.5%
5+ $319.2K$325K
+1.8%

Summary: Boulder Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Neighborhoods

Montgomery
+10.2%
Boulder Hill
+4.4%

Housing Supply in Boulder Hill, IL

How many homes are available in Boulder Hill, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2221-4.5%

Summary: The Boulder Hill real estate market had 21 homes for sale in March 2024, a 4.5% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 1617
+6.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The Boulder Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
513+160.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boulder Hill, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Boulder Hill in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.

Days on Market for Boulder Hill, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days7 Days-78.6%

Summary: Homes in Boulder Hill had an average of 7 days on market in Mar 2024, down by 78.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 13 homes were sold in Boulder Hill; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

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