Is Romeoville, 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, Romeoville has remained a Seller's Market.
Housing Prices in Romeoville, IL
How much do homes in Romeoville, IL cost?
Median Sold Price
$280,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Romeoville was $280,000 in April 2024, up 9.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $220K | N/A |
2 Bedrooms | $240K | $255K | +6.3% |
3 Bedrooms | $250.2K | $276K | +10.3% |
4 Bedrooms | $339K | $333.5K | -1.6% |
5+ Bedrooms | $285K | $358.5K | +25.8% |
Summary: Romeoville 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 6.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
Lockport Township | $256.5K | $290K | +13.0% |
Plainfield Township | $327.4K | $360K | +9.9% |
Romeoville | $256.6K | $280K | +9.1% |
Du Page Township | $289.9K | $314.6K | +8.5% |
Bolingbrook | $315K | $334.7K | +6.3% |
Housing Supply in Romeoville, IL
How many homes are available in Romeoville, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 107 | +11.5% |
Summary: The Romeoville real estate market had 107 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 52 | 65 | +25.0% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Romeoville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Romeoville in April 2024, the same as the previous month. Of the 32 sold homes, 41% were sold under asking, 16% were sold at asking, and 44% were sold over asking.
Days on Market for Romeoville, IL
How long does it take to sell a home in Romeoville, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 20 Days | -21.4% |
Summary: Homes in Romeoville had an average of 20 days on market in Apr 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Romeoville; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.