Is Bourbonnais Township, 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, Bourbonnais Township has remained a Seller's Market.
Housing Prices in Bourbonnais Township, IL
How much do homes in Bourbonnais Township, IL cost?
Median Sold Price
$240,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bourbonnais Township was $240,000 in May 2024, up 13.9% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $56.2K | -59.8% |
2 Bedrooms | $138.5K | $160K | +15.5% |
3 Bedrooms | $209.9K | $231K | +10.0% |
4 Bedrooms | $280.5K | $304.5K | +8.6% |
5+ Bedrooms | $307K | $372.5K | +21.3% |
Summary: Bourbonnais Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.8%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Kankakee | $124.5K | $157.5K | +26.5% |
Limestone Township | $227.5K | $265.9K | +16.9% |
Bourbonnais | $249.4K | $287.9K | +15.4% |
Bourbonnais Township | $210.6K | $240K | +13.9% |
Bradley | $174.9K | $190K | +8.6% |
Housing Supply in Bourbonnais Township, IL
How many homes are available in Bourbonnais Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 111 | +8.8% |
Summary: The Bourbonnais Township real estate market had 111 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 59 | 66 | +11.9% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Bourbonnais Township 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 decreased by 5.6%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 34 | +30.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Bourbonnais Township in May 2024, up by 30.8% month-over-month. Of the 34 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.
Days on Market for Bourbonnais Township, IL
How long does it take to sell a home in Bourbonnais Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 29 Days | +29.2% |
Summary: Homes in Bourbonnais Township had an average of 29 days on market in May 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Bourbonnais Township; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.