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Featured local agent — Bourbonnais, IL
Sarah Mitchell
Compass Real Estate · Bourbonnais, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bourbonnais, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$280,000median sale price
How is the Bourbonnais, IL housing market right now?
The median home sale price in Bourbonnais, IL is $280,000, down 0.5% year-over-year. Homes sell in an average of 53 days with 55 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bourbonnais a buyer's or seller's market?
Bourbonnais, IL is currently a balanced market, based on 2.6 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
53
Average pace
Active listings
55
2.6 months supply
Sale-to-list
99.7%
Below asking
What does the Bourbonnais housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $280,000 |
| Median list price | $310,000 |
| Year-over-year price change | -0.5% |
| Average days on market | 53 days |
| Active inventory | 55 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 23 |
| Listings with a price cut | 14.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Bourbonnais by property type?
How the Bourbonnais, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $280,000 | $167/sq ft | 20 | 53 days |
| Condo / Co-op | $230,000 | $192/sq ft | 1 | 165 days |
| Townhouse | $305,000 | $203/sq ft | 1 | 851 days |
Source: Redfin · Updated monthly
The Bourbonnais housing market is currently classified as a balanced market with a median sale price of $280,000. Prices have fallen 0.5% compared to last year, with homes spending an average of 53 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Bourbonnais
There are currently 55 homes listed for sale in Bourbonnais, Illinois. The median listing price is $310K.
Active listings
55
Homes on market
Median list price
$310K
Avg. days on market
53
Days until sale
New this week
23
Newly listed
Who lives in Bourbonnais?
Population
18,109
Median income
$81,017/yr
Median age
34.6 years
Owner-occupied
70.2%
College grads
33.0%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Bourbonnais?
Zillow home value
$303,233
Zillow rent index
$1,511/mo
Price-to-rent ratio
16.7x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Bourbonnais?
Bourbonnais is a community of approximately 18K residents with a median age of 34.6 years.The median household income is $81,017, which reflects a relatively affluent area with strong earning potential. 33.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Bourbonnais offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Bourbonnais?
7 schools tracked · 2,723 students
The largest public schools serving Bourbonnais, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Liberty Intermediate School
Grades 4-6 · 743 students
Bourbonnais Upper Grade Center
Grades 7-8 · 488 students
Alan B Shepard Elem School
Grades PK-3 · 477 students
St George Elem School
Grades PK-8 · 386 students
Noel Levasseur Elem School
Grades PK-3 · 340 students
Shabbona Elem School
Grades K-3 · 289 students
Kankakee Area Career Center
Grades 11-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Bourbonnais, IL?
Want a head-to-head view? Compare Bourbonnais side-by-side with any other U.S. city using our market-comparison tool.
Is Bourbonnais a good real estate investment market?
For investors evaluating Bourbonnais, the price-to-rent ratio of 16.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Bourbonnais's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Bourbonnais's median home price.
Frequently asked questions
What is the average home price in Bourbonnais?
The median home sale price in Bourbonnais is $280,000, down 0.5% from last year.
How long do homes stay on market in Bourbonnais?
Homes typically spend 53 days on market before going under contract.
What is the median income in Bourbonnais?
The median household income is $81,017 per year.
Is Bourbonnais a buyer's or seller's market?
With 2.6 months of supply, Bourbonnais is currently a balanced market.
What is the Zillow home value estimate for Bourbonnais?
The Zillow Home Value Index (ZHVI) for Bourbonnais is $303,233, representing the typical home value in the area.
What is the median condo price in Bourbonnais?
The median condo/co-op sale price in Bourbonnais, IL is $230,000, compared to $280,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Bourbonnais?
The median single-family home price in Bourbonnais, IL is $280,000 (about $167 per square foot).
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