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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bolingbrook is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Bolingbrook, IL

How much do homes in Bolingbrook, IL cost?

Median Sold Price

$334,700

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,700(+6.3%)

Key Takeaway

Homes in Bolingbrook have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Bolingbrook was $334,700 in April 2024, up 6.3% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $117.5K$120K
+2.1%
2 $222.5K$235K
+5.6%
3 $282.6K$305K
+7.9%
4 $370K$400K
+8.1%
5+ $369.9K$455K
+23.0%

Summary: Bolingbrook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 23%.

Median Sold Price Compared To Nearby Cities

Romeoville
+9.1%
Naperville
+8.9%
Du Page Township
+8.5%
Bolingbrook
+6.3%
Woodridge
+1.5%

Housing Supply in Bolingbrook, IL

How many homes are available in Bolingbrook, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
175196+12.0%

Summary: The Bolingbrook real estate market had 196 homes for sale in April 2024, a 12.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1818
0.0%
3 7484
+13.5%
4 7076
+8.6%
5+ 1318
+38.5%

Summary: The Bolingbrook 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 remained the same, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 38.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5162+21.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bolingbrook, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.

Summary: A total of 62 homes were sold or pending in Bolingbrook in April 2024, up by 21.6% month-over-month. Of the 62 sold homes, 39% were sold under asking, 15% were sold at asking, and 47% were sold over asking.

Days on Market for Bolingbrook, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days17 Days-36.8%

Summary: Homes in Bolingbrook had an average of 17 days on market in Apr 2024, down by 36.8% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 62 homes were sold in Bolingbrook; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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 14 Days Ago

Newest Listings in Bolingbrook, IL

Nearby Markets to Bolingbrook, IL

What housing markets are near Bolingbrook, IL?