Is Burnham, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Burnham has remained a Neutral Market.
Housing Prices in Burnham, IL
How much do homes in Burnham, IL cost?
Median Sold Price
$228,000
$164/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Burnham was $228,000 in April 2024, up 73.7% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $238K | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $82.5K | $218K | +164.2% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $180K | - | N/A |
Summary: Burnham housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 164.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Burnham, IL
How many homes are available in Burnham, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The Burnham real estate market had 13 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Burnham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Burnham in April 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Burnham, IL
How long does it take to sell a home in Burnham, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
173 Days | 18 Days | -89.3% |
Summary: Homes in Burnham had an average of 18 days on market in Apr 2024, down by 89.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Burnham; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.