Is Blue Island, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Blue Island was a Neutral Market.
Housing Prices in Blue Island, IL
How much do homes in Blue Island, IL cost?
Median Sold Price
$193,450
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Blue Island was $193,450 in April 2024, down 3.2% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $51K | +2.0% |
2 Bedrooms | $142.5K | $137K | -3.9% |
3 Bedrooms | $195K | $206K | +5.6% |
4 Bedrooms | $222.9K | $214.5K | -3.8% |
5+ Bedrooms | $263.9K | $240K | -9.1% |
Summary: Blue Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
Calumet Township | $169.9K | $181K | +6.5% |
Calumet Park | $165K | $165K | 0.0% |
Blue Island | $199.9K | $193.4K | -3.2% |
Housing Supply in Blue Island, IL
How many homes are available in Blue Island, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 45 | +50.0% |
Summary: The Blue Island real estate market had 45 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Blue Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Blue Island in April 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Blue Island, IL
How long does it take to sell a home in Blue Island, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 72 Days | +30.7% |
Summary: Homes in Blue Island had an average of 72 days on market in Apr 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Blue Island; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.