Is Romeoville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$275,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Romeoville was $275,000 in March 2024, up 7.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $220K | N/A |
2 Bedrooms | $240K | $255K | +6.3% |
3 Bedrooms | $250K | $274K | +9.6% |
4 Bedrooms | $338.5K | $328K | -3.1% |
5+ Bedrooms | $285K | $358.5K | +25.8% |
Summary: Romeoville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
Lockport Township | $254.7K | $285K | +11.9% |
Plainfield Township | $323K | $359.8K | +11.4% |
Romeoville | $256.4K | $275K | +7.2% |
Du Page Township | $289.7K | $310K | +7.0% |
Bolingbrook | $314.7K | $329.8K | +4.8% |
Housing Supply in Romeoville, IL
How many homes are available in Romeoville, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 94 | +25.3% |
Summary: The Romeoville real estate market had 94 homes for sale in March 2024, a 25.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 43 | 50 | +16.3% |
4 Bedrooms | 13 | 23 | +76.9% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Romeoville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 76.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 30 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Romeoville in March 2024, up by 66.7% month-over-month. Of the 29 sold homes, 28% were sold under asking, 28% were sold at asking, and 45% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 27 Days | -34.0% |
Summary: Homes in Romeoville had an average of 27 days on market in Mar 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Romeoville; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.