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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$15,937(+4.8%)

Key Takeaway

Homes in Bloomingdale have sold for 4.8% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $149.7K$170K
+13.5%
2 $225K$277K
+23.1%
3 $360K$375K
+4.2%
4 $435.5K$450K
+3.3%
5+ $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
+8.6%
Glendale Heights
+8.3%
Carol Stream
+8.2%
Roselle
+7.5%
Bloomingdale
+4.8%

Housing Supply in Bloomingdale, IL

How many homes are available in Bloomingdale, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8179-2.5%

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

# BEDSMar 2024Apr 2024CHANGE
1 42
-50.0%
2 2218
-18.2%
3 2933
+13.8%
4 2424
0.0%
5+ 22
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 2024Apr 2024CHANGE
3029-3.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingdale, you could pay more than the asking price. 72.4% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
18 Days16 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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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