Is Bourbonnais, 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, Bourbonnais has remained a Seller's Market.
Housing Prices in Bourbonnais, IL
How much do homes in Bourbonnais, IL cost?
Median Sold Price
$283,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bourbonnais was $283,500 in April 2024, up 14.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $173.2K | $220K | +27.0% |
3 Bedrooms | $238K | $270K | +13.4% |
4 Bedrooms | $287.4K | $319K | +11.0% |
5+ Bedrooms | $307K | $368.7K | +20.1% |
Summary: Bourbonnais housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Cities
Bourbonnais | $248K | $283.5K | +14.3% |
Bourbonnais Township | $209.9K | $238.4K | +13.6% |
Bradley | $173.8K | $190K | +9.3% |
Manteno Township | $282.9K | $291.5K | +3.0% |
Manteno | $289K | $280K | -3.1% |
Housing Supply in Bourbonnais, IL
How many homes are available in Bourbonnais, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 70 | -4.1% |
Summary: The Bourbonnais real estate market had 70 homes for sale in April 2024, a 4.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 46 | 40 | -13.0% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Bourbonnais 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 decreased by 20%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Bourbonnais in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 58% were sold under asking, 5% were sold at asking, and 37% were sold over asking.
Days on Market for Bourbonnais, IL
How long does it take to sell a home in Bourbonnais, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 64 Days | +21.3% |
Summary: Homes in Bourbonnais had an average of 64 days on market in Apr 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Bourbonnais; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.