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Bloomingdale Real Estate Market Update October 2018

By Author: John Herman
Total Articles: 26

Real Estate In Bloomingdale is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.71 months supply of inventory on the market in Bloomingdale on October 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Bloomingdale last month was 45 days.
It took on average 39 days to sell Bloomingdale Condo, Townhouse or a Duplex.
The number of home sales in Bloomingdale from September 1, 2018 through September 30, 2018 was 31 units. That is 1% above the number of homes sold last month in Bloomingdale.

The average price per square foot in the area is now $125/Sq.Ft, which is 0% an increase from last month.

In Bloomingdale there were 12 units sold in September in the price range between $100,000 – $195,348 with an average of 2.3 bedrooms and 1.3 bathrooms and average Square footage of 1,432SF.

In Bloomingdale there were 16 units sold in September in the price range between $195,349 – $502,847 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 2,038SF.

In Bloomingdale there were 3 units sold in September in the price range between $502,848 – $715,000 with an average of 5.3 bedrooms and 4.1 bathrooms and average Square footage of 4,568SF.

The low price range had the most activity. Homes up to $195,348 were on the market on average 47 days and sold an average of $168,316.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Bloomingdale. Search all Bloomingdale homes for Sale on propertyup.com If you are considering viewing Bloomingdale, you may want to do so now!

More About the Author

John Herman owner-operator of the business started as licensed real estate agent 12/17/2004 and have built a large network of happy returned clients. Over the years John Herman obtained Managing broker certification and build a team of 3 full time agents and 4 administrative assistants. John Herman and his team earned customer driven Five Star professional award for Realtors the past 6 years in the row. Our unique business model is based on servicing real estate buyers and sellers that are starting their real estate search online. Property Up have full time 24/7/365 days a year customer service team that answers online inquiry under 5 minutes. This makes us very competitive as industry average only 42% of online inquiries get answered all together. The Company has been under the current management of Alina Herman and John Herman with a team of contractors working on Marketing, SEO, web development, documentation, process creation and audits for proper quality control. John Herman and Alina Herman have 12 years real estate experience each. John is top 10% in sales in Illinois and a top 100 Agent in the NSBAR association.

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