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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bartlett is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Bartlett has remained a Seller's Market.

Key Takeaway

Bartlett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bartlett, IL

How much do homes in Bartlett, IL cost?

Median Sold Price

$375,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,983(+7.8%)

Key Takeaway

Homes in Bartlett have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Bartlett was $375,000 in April 2024, up 7.8% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $130K$157K
+20.8%
2 $257K$280K
+8.9%
3 $335K$370K
+10.4%
4 $444.9K$460.9K
+3.6%
5+ $500K$580K
+16.0%

Summary: Bartlett housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Cities

Streamwood
+13.5%
Hanover Township
+9.6%
Wayne Township
+8.7%
Bartlett
+7.8%
Hanover Park
+2.4%

Housing Supply in Bartlett, IL

How many homes are available in Bartlett, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
104119+14.4%

Summary: The Bartlett real estate market had 119 homes for sale in April 2024, a 14.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2725
-7.4%
3 3646
+27.8%
4 3242
+31.3%
5+ 85
-37.5%

Summary: The Bartlett 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 7.4%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3839+2.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bartlett, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in Bartlett in April 2024, up by 2.6% month-over-month. Of the 39 sold homes, 18% were sold under asking, 21% were sold at asking, and 62% were sold over asking.

Days on Market for Bartlett, IL

How long does it take to sell a home in Bartlett, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
16 Days8 Days-46.8%

Summary: Homes in Bartlett had an average of 8 days on market in Apr 2024, down by 46.8% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 39 homes were sold in Bartlett; 97% of homes were sold within 30 days, 3% 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 1 Day Ago

Newest Listings in Bartlett, IL

Nearby Markets to Bartlett, IL

What housing markets are near Bartlett, IL?