Is Bloomingdale, 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 has remained a Seller's Market.
Housing Prices in Bloomingdale, IL
How much do homes in Bloomingdale, IL cost?
Median Sold Price
$350,937
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomingdale was $350,937 in April 2024, up 4.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.7K | $170K | +13.5% |
2 Bedrooms | $225K | $277K | +23.1% |
3 Bedrooms | $360K | $375K | +4.2% |
4 Bedrooms | $435.5K | $450K | +3.3% |
5+ Bedrooms | $580K | $850K | +46.6% |
Summary: Bloomingdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 46.6%.
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, IL
How many homes are available in Bloomingdale, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 79 | -2.5% |
Summary: The Bloomingdale real estate market had 79 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 22 | 18 | -18.2% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bloomingdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Bloomingdale in April 2024, down by 3.3% month-over-month. Of the 29 sold homes, 17% were sold under asking, 10% were sold at asking, and 72% were sold over asking.
Days on Market for Bloomingdale, IL
How long does it take to sell a home in Bloomingdale, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 16 Days | -14.5% |
Summary: Homes in Bloomingdale had an average of 16 days on market in Apr 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Bloomingdale; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.