Team Bowers Bolingbrook, IL real estate agents have compiled the following Bolingbrook real estate statistics for home owners in Bolingbrook, people looking to buy a home in Bolingbrook, and people interested in selling a house in Bolingbrook, Illinois.
As the title states, the reports below are for traditional home sales only. So what are “traditional” home sales? Traditional home sales are the home sales where the home owner did not sell their home as a short sale or foreclosure. Years ago, there wasn’t much of a need to make distinctions between the different types of homes sales because the vast majority were traditional home sales. Due to the current economic and real estate market conditions, it is extremely important to analyze each sale type differently because each sale type belongs to a different pricing tier.
Traditional sales fetch the most money because they are in good condition and can close quickly. Short sales sell for less money than traditional sales because short sales require a lengthy process to complete and take months to close. Foreclosures are the lowest price tier because they are generally in much worse condition than traditional sales and short sales and the banks that own the properties are willing to sell them for substantially less money because they are in bad condition or the bank wants the properties off their books.
Bolingbrook, IL - Homes For Sale: September, 2012City Bedrooms # of Homes For Sale # of Homes Sold # of Homes Not Sold Median List Price Median Sold Price Sold - Avg Days On Market Not Sold - Avg Days On Market Bolingbrook 2 34 3 31 $158,500 $47,000 159 105 Bolingbrook 3 116 11 105 $167,000 $180,000 137 149 Bolingbrook 4 138 9 129 $250,000 $205,000 223 131 Bolingbrook 5 21 1 20 $239,900 $280,000 50 146 Bolingbrook 6 4 0 4 $379,900 $0 0 94
Bolingbrook IL - Homes For Sale: July 1 , 2012 - September 30, 2012City Bedrooms # of Homes For Sale # of Homes Sold # of Homes Not Sold Median List Price Median Sold Price Sold - Avg Days On Market Not Sold - Avg Days On Market Bolingbrook 2 50 7 43 $158,500 $50,000 111 164 Bolingbrook 3 167 44 123 $164,900 $167,500 119 156 Bolingbrook 4 188 39 149 $249,900 $210,000 127 148 Bolingbrook 5 31 5 26 $285,000 $280,000 158 168 Bolingbrook 6 5 0 5 $379,900 $0 0 101 Bolingbrook 7 1 1 0 $229,999 $222,000 97 0
Team Bowers Realtors provide the above city-level, Bolingbrook real estate statistics because home owners and home buyers are always asking, "How is the Bolingbrook real estate market doing?" In reality, the above statistics are interesting city-level figures and for most curious Bolingbrook home owners, these statistics will suffice; however, if you are looking to sell a house in Bolingbrook or if you are interested in purchasing homes for sale in Bolingbrook, you need much more localized statistics because the real estate markets in Bolingbrook vary greatly by subdivision.
Team Bowers Realtors provides localized statistics at a subdivision level and at a bedroom count level for every subdivision in Bolingbrook, IL on our website at www.teambowersrealtors.com.