Is Bourbonnais Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$238,475
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $56.2K | -59.8% |
2 Bedrooms | $138K | $169.2K | +22.6% |
3 Bedrooms | $210K | $229.9K | +9.5% |
4 Bedrooms | $283K | $302K | +6.7% |
5+ Bedrooms | $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 | $121.3K | $155K | +27.7% |
Limestone Township | $222K | $265.9K | +19.8% |
Bourbonnais | $248K | $283.5K | +14.3% |
Bourbonnais Township | $209.9K | $238.4K | +13.6% |
Bradley | $173.8K | $190K | +9.3% |
Housing Supply in Bourbonnais Township, IL
How many homes are available in Bourbonnais Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 97 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 60 | 54 | -10.0% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 2 | 5 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 25 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 60 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
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.