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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bensenville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Bensenville, IL

How much do homes in Bensenville, IL cost?

Median Sold Price

$295,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,883(+4.6%)

Key Takeaway

Homes in Bensenville have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Bensenville was $295,000 in April 2024, up 4.6% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $120K$130K
+8.3%
2 $200K$207K
+3.5%
3 $288.7K$331.5K
+14.8%
4 $325K$349K
+7.4%
5+ $310K$461K
+48.7%

Summary: Bensenville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 48.7%.

Median Sold Price Compared To Nearby Cities

Franklin Park
+9.1%
Leyden Township
+8.9%
Addison Township
+7.7%
Bensenville
+4.6%
Wood Dale
+4.4%

Housing Supply in Bensenville, IL

How many homes are available in Bensenville, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3229-9.4%

Summary: The Bensenville real estate market had 29 homes for sale in April 2024, a 9.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 99
0.0%
3 1717
0.0%
4 20
-100.0%
5+ 21
-50.0%

Summary: The Bensenville 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 remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
125-58.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bensenville, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Bensenville in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for Bensenville, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
20 Days7 Days-63.7%

Summary: Homes in Bensenville had an average of 7 days on market in Apr 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 5 homes were sold in Bensenville; 100% of homes were sold within 30 days, 0% 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 12 Days Ago

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