Is Bourbonnais Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bourbonnais Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Bourbonnais Township, IL

How much do homes in Bourbonnais Township, IL cost?

Median Sold Price

$245,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$34,375(+16.3%)

Key Takeaway

Homes in Bourbonnais Township have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Bourbonnais Township was $245,000 in June 2024, up 16.3% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $140K$56.2K
-59.8%
2 $139.4K$160K
+14.7%
3 $209.9K$239.9K
+14.3%
4 $281K$305K
+8.5%
5+ $307K$368.7K
+20.1%

Summary: Bourbonnais Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.8%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 20.1%.

Median Sold Price Compared To Nearby Cities

Kankakee
+22.3%
Limestone Township
+19.9%
Bourbonnais Township
+16.3%
Bourbonnais
+15.5%
Bradley
+8.6%

Housing Supply in Bourbonnais Township, IL

How many homes are available in Bourbonnais Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
116122+5.2%

Summary: The Bourbonnais Township real estate market had 122 homes for sale in June 2024, a 5.2% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 02
+100.0%
2 1717
0.0%
3 6972
+4.3%
4 2525
0.0%
5+ 56
+20.0%

Summary: The Bourbonnais Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3936-7.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bourbonnais Township, you could pay more than the asking price. 47.2% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in Bourbonnais Township in June 2024, down by 7.7% month-over-month. Of the 36 sold homes, 31% were sold under asking, 22% were sold at asking, and 47% were sold over asking.

Days on Market for Bourbonnais Township, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days21 Days+23.8%

Summary: Homes in Bourbonnais Township had an average of 21 days on market in Jun 2024, up by 23.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 36 homes were sold in Bourbonnais Township; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% 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 12 Days Ago

Newest Listings in Bourbonnais Township, IL

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