Is Romeoville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Romeoville has remained a Seller's Market.
Housing Prices in Romeoville, IL
How much do homes in Romeoville, IL cost?
Median Sold Price
$280,400
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Romeoville was $280,400 in June 2024, up 8.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $220K | N/A |
2 Bedrooms | $245K | $263.7K | +7.7% |
3 Bedrooms | $255K | $278.4K | +9.2% |
4 Bedrooms | $332.2K | $359K | +8.1% |
5+ Bedrooms | $252K | $349.7K | +38.8% |
Summary: Romeoville 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 7.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 38.8%.
Median Sold Price Compared To Nearby Cities
Du Page Township | $289.7K | $324.9K | +12.2% |
Lockport Township | $261.7K | $292.3K | +11.7% |
Bolingbrook | $310K | $345.4K | +11.4% |
Plainfield Township | $335K | $365K | +9.0% |
Romeoville | $259K | $280.4K | +8.3% |
Housing Supply in Romeoville, IL
How many homes are available in Romeoville, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
118 | 112 | -5.1% |
Summary: The Romeoville real estate market had 112 homes for sale in June 2024, a 5.1% decrease 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 | 23 | 21 | -8.7% |
3 Bedrooms | 72 | 67 | -6.9% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Romeoville 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 8.7%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
43 | 35 | -18.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Romeoville in June 2024, down by 18.6% month-over-month. Of the 35 sold homes, 14% were sold under asking, 20% were sold at asking, and 66% were sold over asking.
Days on Market for Romeoville, IL
How long does it take to sell a home in Romeoville, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 11 Days | -9.8% |
Summary: Homes in Romeoville had an average of 11 days on market in Jun 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 35 homes were sold in Romeoville; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.