Is Bloomingdale Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$25,000(+8.6%)

Key Takeaway

Homes in Bloomingdale Township have sold for 8.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $145.5K$166.5K
+14.4%
2 $215K$242.3K
+12.7%
3 $306.6K$325K
+6.0%
4 $383.1K$412K
+7.5%
5+ $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
+8.6%
Glendale Heights
+8.3%
Carol Stream
+8.2%
Roselle
+7.5%
Bloomingdale
+4.8%

Housing Supply in Bloomingdale Township, IL

How many homes are available in Bloomingdale Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
247271+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

# BEDSMar 2024Apr 2024CHANGE
1 76
-14.3%
2 8083
+3.8%
3 97106
+9.3%
4 5768
+19.3%
5+ 68
+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 2024Apr 2024CHANGE
9386-7.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

61 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingdale Township, you could pay more than the asking price. 70.9% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
20 Days12 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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