Is Bloomingdale Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bloomingdale Township has remained a Seller's Market.
Housing Prices in Bloomingdale Township, IL
How much do homes in Bloomingdale Township, IL cost?
Median Sold Price
$315,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomingdale Township was $315,000 in April 2024, up 8.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145.5K | $166.5K | +14.4% |
2 Bedrooms | $215K | $242.3K | +12.7% |
3 Bedrooms | $306.6K | $325K | +6.0% |
4 Bedrooms | $383.1K | $412K | +7.5% |
5+ Bedrooms | $525K | $567.5K | +8.1% |
Summary: Bloomingdale Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Bloomingdale Township | $290K | $315K | +8.6% |
Glendale Heights | $249.9K | $270.6K | +8.3% |
Carol Stream | $305.1K | $330K | +8.2% |
Roselle | $288.4K | $310K | +7.5% |
Bloomingdale | $335K | $350.9K | +4.8% |
Housing Supply in Bloomingdale Township, IL
How many homes are available in Bloomingdale Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
247 | 271 | +9.7% |
Summary: The Bloomingdale Township real estate market had 271 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 80 | 83 | +3.8% |
3 Bedrooms | 97 | 106 | +9.3% |
4 Bedrooms | 57 | 68 | +19.3% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Bloomingdale Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 86 | -7.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 86 homes were sold or pending in Bloomingdale Township in April 2024, down by 7.5% month-over-month. Of the 86 sold homes, 23% were sold under asking, 6% were sold at asking, and 71% were sold over asking.
Days on Market for Bloomingdale Township, IL
How long does it take to sell a home in Bloomingdale Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 12 Days | -40.7% |
Summary: Homes in Bloomingdale Township had an average of 12 days on market in Apr 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 86 homes were sold in Bloomingdale Township; 90% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.