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 April 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

$238,475

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,541(+13.6%)

Key Takeaway

Homes in Bourbonnais Township have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Bourbonnais Township was $238,475 in April 2024, up 13.6% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140K$56.2K
-59.8%
2 $138K$169.2K
+22.6%
3 $210K$229.9K
+9.5%
4 $283K$302K
+6.7%
5+ $307K$368.7K
+20.1%

Summary: Bourbonnais Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.8%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 20.1%.

Median Sold Price Compared To Nearby Cities

Kankakee
+27.7%
Limestone Township
+19.8%
Bourbonnais
+14.3%
Bourbonnais Township
+13.6%
Bradley
+9.3%

Housing Supply in Bourbonnais Township, IL

How many homes are available in Bourbonnais Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
10297-4.9%

Summary: The Bourbonnais Township real estate market had 97 homes for sale in April 2024, a 4.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 20
-100.0%
2 1516
+6.7%
3 6054
-10.0%
4 2322
-4.3%
5+ 25
+150.0%

Summary: The Bourbonnais Township housing inventory by bedroom type for April 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 decreased by 10%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3425-26.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bourbonnais Township, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Bourbonnais Township in April 2024, down by 26.5% month-over-month. Of the 25 sold homes, 52% were sold under asking, 8% were sold at asking, and 40% 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

Apr 2023Apr 2024CHANGE
40 Days60 Days+50.1%

Summary: Homes in Bourbonnais Township had an average of 60 days on market in Apr 2024, up by 50.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were 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 April 2024, 25 homes were sold in Bourbonnais Township; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 28% 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 9 Days Ago

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