The numbers are in for the Bolingbrook IL 1st quarter single family market.
There were 87 single family Bolingbrook IL homes that sold during the first quarter of 2009 from January 1st through March 31st. 42% of the homes sold were 3 bedroom homes and the 4 bedroom home market accounted for 47% of the market share.
The average sale price of a 3 bedroom home in Bolingbrook is $166,419 which is 93% of the average asking price. 93% is lower than the average list to sale price ratio of some neighboring communities like Plainfield IL where sellers of 3 bedroom family homes are getting about 95% of their asking price.
In contrast, sellers in the 4 bedroom market in Bolingbrook IL are getting about 96% of their list price which is $248,651 on average. Even more surprising is that the 5 bedroom market is getting 98% of their average list price. The average list time on a 5 bedroom home in Bolingbrook is only 40 days. This tells me that 5 bedroom Bolingbrook IL homes are in fairly high demand.
One interesting thing about the Bolingbrook market is the difference the average price between 4 to 5 bedroom homes which is only 7.2%, while the difference in the average price between a 3 and 4 bedroom home is about 30%.
The 1st Quarter Bolingbrook IL Market Report:
If you or someone you know are thinking about buying or selling a home in Bolingbrook IL, call me at 630-673-6233.
If you are behind in your mortgage payments, you may qualify for a short sale or loan modification to avoid a foreclosure. Call me for a confidential conversation regarding foreclosure and your options.
Julie Ferenzi | Realtor®
Bolingbrook IL Homes