Is Burnham, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnham is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Burnham has remained a Neutral Market.

Key Takeaway

Burnham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$96,750(+73.7%)

Key Takeaway

Homes in Burnham have sold for 73.7% more than they did a month ago.

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

# BEDSMar 2024Apr 2024CHANGE
1 -$238K
N/A
2 --
N/A
3 $82.5K$218K
+164.2%
4 --
N/A
5+ $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 2024Apr 2024CHANGE
1213+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 57
+40.0%
4 34
+33.3%
5+ 10
-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 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnham, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2024Apr 2024CHANGE
173 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Burnham, IL

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