Is Burnham, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Burnham was a Seller's Market.
Housing Prices in Burnham, IL
How much do homes in Burnham, IL cost?
Median Sold Price
$185,900
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Burnham was $185,900 in June 2024, up 38.8% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $238K | N/A |
2 Bedrooms | $83K | $100K | +20.5% |
3 Bedrooms | $155K | $195K | +25.8% |
4 Bedrooms | $155K | $170K | +9.7% |
5+ Bedrooms | - | $180K | N/A |
Summary: Burnham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Burnham | $133.9K | $185.9K | +38.8% |
Thornton Township | $157.7K | $164.8K | +4.5% |
Calumet City | $155K | $159.5K | +2.9% |
Housing Supply in Burnham, IL
How many homes are available in Burnham, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Summary: The Burnham real estate market had 17 homes for sale in June 2024, a 30.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burnham housing inventory by bedroom type for June 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 28.6%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Burnham in June 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
8 Days | 8 Days | +6.3% |
Summary: Homes in Burnham had an average of 8 days on market in Jun 2024, up by 6.3% compared to last year.
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 June 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.