Is Bourbonnais Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bourbonnais Township has remained a Seller's Market.
Housing Prices in Bourbonnais Township, IL
How much do homes in Bourbonnais Township, IL cost?
Median Sold Price
$234,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bourbonnais Township was $234,500 in March 2024, up 11.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $56.2K | -59.8% |
2 Bedrooms | $139.9K | $160K | +14.4% |
3 Bedrooms | $214.9K | $226K | +5.1% |
4 Bedrooms | $281K | $290K | +3.2% |
5+ Bedrooms | $319.9K | $368.7K | +15.3% |
Summary: Bourbonnais Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.8%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
Kankakee | $116.5K | $155K | +33.0% |
Limestone Township | $218.7K | $265K | +21.1% |
Bourbonnais | $245K | $280K | +14.3% |
Bourbonnais Township | $210K | $234.5K | +11.7% |
Bradley | $175K | $185.4K | +5.9% |
Housing Supply in Bourbonnais Township, IL
How many homes are available in Bourbonnais Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 104 | +15.6% |
Summary: The Bourbonnais Township real estate market had 104 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 48 | 59 | +22.9% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Bourbonnais Township 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 remained the same, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 31 | +63.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Bourbonnais Township in March 2024, up by 63.2% month-over-month. Of the 31 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 27 Days | -44.3% |
Summary: Homes in Bourbonnais Township had an average of 27 days on market in Mar 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Bourbonnais Township; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.