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Bloomingale, Illinois 60108
The Village of Bloomingdale is located approximately 28 miles northwest of the Chicago "Loop" in suburban Dupage county. Bloomingdale is an established residential community, which traditionally served as a market center for surrounding rural areas. The population has more than quadrupled since 1960, as the Village has shared in the economic growth that has come from an expanding Chicago metropolitan area.
In 1839 Bloomingdale was established as a village . The official boundaries of the Village included the North Section (now Roselle) and the South Section (now Bloomingdale), in 1922, the North and South Sections were divided into two separate villages. Bloomingdale was incorporated as its own Village organization on June 16,1923.
Bloomingdale remained a small farming community until the post World War II growth of the 1950s, when the population almost quadrupled from 339 residents in 1950 to 1262 in 1960. The Village's population was 21,675 as of the 2000 Census and the current population is approximately 24,000. The land area of the Village is 6.8 square miles.
The village's municipal neighbors include Roselle to the north, Addison to the east , Glendale Heights to the south, and Hanover Park to the west. Transportation links include U.S. Route 20 and Army Trail Road. Commuter train service to Chicago is available in Roselle, two miles from Bloomingdale. O'Hare International Airport is approximately 12 miles from the village.
Several major shopping areas, including the 1.4 million square foot Stratford Square Mall, and a multitude of convenience centers offer a wide variety of goods and services to residents. Old Town Bloomingdale still thrives to this day. Located at Lake Street and Bloomingdale Roads, this quaint shopping, office area and preservation district boasts a collection of small retail businesses and offices located in restored buildings at the original site of the village's first settlement.
There were 104 sales of single family homes in 2007, according to data from the Northern Illinois MLS. The sales volume was down from 137 sales in 2006. Sales prices saw a sight increase with the average 2007 sales price at $442,560.00, compared to $440,336.00 in 2006. Marketing times were an average of 155 days on the market, up over the 2006 average of 128 days.
As of January 13, 2008 there are 84 active listings of single family detached homes in the MLS. At the 2007 level of absorption this is 9.69 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is an oversupply.
To recap 2007 for detached homes, sales volume was down -20.00%, average sales prices were stable up 0.50%, and the days on the market were up +21.09%. This market is oversupplied and the 84 active listings have already been on the market an average of 177 days.
The condo/townhouse market had 137 sales down from the 204 properties that sold in 2006. Sales prices saw a decline with the average 2007 sales price at $231,618.00, compared to $245,063.00 in 2006. Marketing times were an average of 112 days on the market, up over the 2006 average of 93 days.
There are 156 active listings of attached homes in the MLS. Based on the 2007 level of absorption this is 13.67 months of unsold inventory.
The condo/townhouse market is over supplied, sales volume was down -32.84%, average sales prices were down -5.48%, and the days on the market were up +20.43%. The 156 active MLS listings have been on the market an average of 176 days.
There is too much inventory for the demand, this points to long marketing times and lower prices in 2008.
If you have an active listing or need to sell in 2008 now is the time to get an appraisal. The market has changed and only the most competitively priced homes will be selling soon.
Make sure that your listing is competitive, get a current appraisal. Complete appraisals of single family homes and condominiums start at $275.00. this is a small price to pay for knowledge that will help you position your house to sell in the current market.
Citywide Services provides residential appraisal service in Bloomingdale, Illinois 60108. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. For all your Dupage County appraisal needs contact Citywide.
To order an appraisal or to speak with an appraiser call 1-800-405-9718
Bloomingdale Village Web Site
Geographic Area: Bloomingdale, Du Page County Illinois 60108
| Subject |
Number |
Percent |
|
Subject |
Number |
Percent |
|
| Total housing units |
8,495 |
100.0 |
|
OCCUPANTS PER ROOM |
|
|
| UNITS IN STRUCTURE |
|
|
|
Occupied housing units |
8,314 |
100.0 |
| 1-unit, detached |
3,810 |
44.8 |
|
1.00 or less |
8,198 |
98.6 |
| 1-unit, attached |
2,204 |
25.9 |
|
1.01 to 1.50 |
91 |
1.1 |
| 2 units |
39 |
0.5 |
|
1.51 or more |
25 |
0.3 |
| 3 or 4 units |
369 |
4.3 |
|
|
|
|
| 5 to 9 units |
532 |
6.3 |
|
Specified owner-occupied units |
5,547 |
100.0 |
| 10 to 19 units |
777 |
9.1 |
|
VALUE |
|
|
| 20 or more units |
764 |
9.0 |
|
Less than $50,000 |
16 |
0.3 |
| Mobile home |
0 |
0.0 |
|
$50,000 to $99,999 |
178 |
3.2 |
| Boat, RV, van, etc. |
0 |
0.0 |
|
$100,000 to $149,999 |
956 |
17.2 |
| |
|
|
|
$150,000 to $199,000 |
1,375 |
24.8 |
| YEAR STRUCTURE BUILT |
|
|
|
$200,000 to $299,999 |
2,183 |
39.4 |
| 1999 to March 2000 |
70 |
0.8 |
|
$300,000 to $499,999 |
719 |
13.0 |
| 1995 to 1998 |
694 |
8.2 |
|
$500,000 to $999,999 |
80 |
1.4 |
| 1990 to 1994 |
1,867 |
22.0 |
|
$1,000,000 or more |
40 |
0.7 |
| 1980 to 1989 |
1,867 |
22.0 |
|
Median (dollars) |
209,100 |
(X) |
| 1970 to 1979 |
3,190 |
37.6 |
|
|
|
|
| 1960 to 1969 |
513 |
6.0 |
|
MORTGAGE STATUS AND SELECTED |
|
|
| 1940 to 1959 |
229 |
2.7 |
|
MONTHLY OWNER COSTS |
|
|
| 1939 or earlier |
65 |
0.8 |
|
With a mortgage |
4,424 |
79.8 |
| |
|
|
|
Less than $300 |
0 |
0.0 |
| ROOMS |
|
|
|
$300 to $499 |
17 |
0.3 |
| 1 room |
42 |
0.5 |
|
$500 to $699 |
146 |
2.6 |
| 2 rooms |
242 |
2.8 |
|
$700 to $999 |
398 |
7.2 |
| 3 rooms |
629 |
7.4 |
|
$1,000 to $1,499 |
1,721 |
31.0 |
| 4 rooms |
1,228 |
14.5 |
|
$1,500 to $1,999 |
1,154 |
20.8 |
| 5 rooms |
1,256 |
14.8 |
|
$2,000 or more |
988 |
17.8 |
| 6 rooms |
1,385 |
16.3 |
|
Median (dollars) |
1,481 |
(X) |
| 7 rooms |
1,250 |
14.7 |
|
Not mortgaged |
1,123 |
20.2 |
| 8 rooms |
1,284 |
15.1 |
|
Median (dollars) |
565 |
(X) |
| 9 or more rooms |
1,179 |
13.9 |
|
|
|
|
| Median (rooms) |
6.1 |
(X) |
|
SELECTED MONTHLY OWNER COSTS |
|
|
| |
|
|
|
AS A PERCENTAGE OF HOUSEHOLD |
|
|
| Occupied Housing Units |
8,314 |
100.0 |
|
INCOME IN 1999 |
|
|
| YEAR HOUSEHOLDER MOVED INTO UNIT |
|
|
|
Less than 15 percent |
1,573 |
28.4 |
| 1999 to March 2000 |
1,560 |
18.8 |
|
15 to 19 percent |
826 |
14.9 |
| 1995 to 1998 |
2,713 |
32.6 |
|
20 to 24 percent |
931 |
16.8 |
| 1990 to 1994 |
1,630 |
19.6 |
|
25 to 29 percent |
686 |
12.4 |
| 1980 to 1989 |
1,404 |
16.9 |
|
30 to 34 percent |
475 |
8.6 |
| 1970 to 1979 |
848 |
10.2 |
|
35 percent or more |
1,044 |
18.8 |
| 1969 or earlier |
159 |
1.9 |
|
Not computed |
12 |
0.2 |
| |
|
|
|
|
|
|
| VEHICLES AVAILABLE |
|
|
|
Specified renter-occupied units |
2,215 |
100.0 |
| None |
313 |
3.8 |
|
GROSS RENT |
|
|
| 1 |
2,550 |
30.7 |
|
Less than $200 |
49 |
2.2 |
| 2 |
3,872 |
46.6 |
|
$200 to $299 |
0 |
0.0 |
| 3 or more |
1,579 |
19.0 |
|
$300 to $499 |
31 |
1.4 |
| |
|
|
|
$500 to $749 |
319 |
14.4 |
| HOUSE HEATING FUEL |
|
|
|
$750 to $999 |
813 |
36.7 |
| Utility Gas |
7,582 |
91.2 |
|
$1,000 to $1,499 |
873 |
39.4 |
| Bottled, Tank, or LP gas |
36 |
0.4 |
|
$1,500 or more |
111 |
5.0 |
| Electricity |
691 |
8.3 |
|
No cash rent |
19 |
0.9 |
| Fuel oil, kerosene, etc. |
0 |
0.0 |
|
Median (dollars) |
963 |
(X) |
| Coal or coke |
0 |
0.0 |
|
|
|
|
| Wood |
0 |
0.0 |
|
GROSS RENT AS A PERCENTAGE OF |
|
|
| Solar energy |
0 |
0.0 |
|
HOUSEHOLD INCOME IN 1999 |
|
|
| Other fuel |
5 |
0.1 |
|
Less than 15 percent |
406 |
18.3 |
| No fuel used |
0 |
0.0 |
|
15 to 19 percent |
416 |
18.8 |
| |
|
|
|
20 to 24 percent |
436 |
19.7 |
| SELECTED CHARACTERISTICS |
|
|
|
25 to 29 percent |
265 |
12.0 |
| Lacking complete plumbing facilities |
19 |
0.2 |
|
30 to 34 percent |
181 |
8.2 |
| Lacking complete kitchen facilities |
9 |
0.1 |
|
35 percent or more |
474 |
21.4 |
| No telephone service |
26 |
0.3 |
|
Not computed |
37 |
1.7 |
| |
| -Represent zero or rounds to zero. (X) Not applicable. |
| Source: U.S. Bureau of the Census, Census 2000. |
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