Is Blue Island, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Blue Island has remained a Seller's Market.
Housing Prices in Blue Island, IL
How much do homes in Blue Island, IL cost?
Median Sold Price
$198,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Blue Island was $198,500 in May 2024, down 0.7% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $51.5K | +3.0% |
2 Bedrooms | $107.5K | $137K | +27.4% |
3 Bedrooms | $192K | $203K | +5.7% |
4 Bedrooms | $231K | $220K | -4.8% |
5+ Bedrooms | $263.9K | $257K | -2.6% |
Summary: Blue Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
Robbins | $94K | $110K | +17.0% |
Calumet Township | $159.9K | $185K | +15.7% |
Dixmoor | $120K | $136K | +13.3% |
Calumet Park | $159.9K | $181K | +13.2% |
Blue Island | $199.9K | $198.5K | -0.7% |
Housing Supply in Blue Island, IL
How many homes are available in Blue Island, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 55 | +25.0% |
Summary: The Blue Island real estate market had 55 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 17 | 23 | +35.3% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Blue Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 14 | +366.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Blue Island in May 2024, up by 366.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 21 Days | -52.7% |
Summary: Homes in Blue Island had an average of 21 days on market in May 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Blue Island; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.