Is Bement, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bement has remained a Seller's Market.
Housing Prices in Bement, IL
How much do homes in Bement, IL cost?
Median Sold Price
$150,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bement was $150,000 in May 2024, up 27.7% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $85K | $77.5K | -8.8% |
3 Bedrooms | $123.9K | $170K | +37.2% |
4 Bedrooms | $145K | $59.9K | -58.7% |
5+ Bedrooms | - | $41.2K | N/A |
Summary: Bement housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 37.2%, 4 bedroom homes decreased by 58.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bement | $117.5K | $150K | +27.7% |
Bement Township | $121.4K | $150K | +23.5% |
Housing Supply in Bement, IL
How many homes are available in Bement, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Summary: The Bement real estate market had 5 homes for sale in May 2024, a 16.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bement housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Bement in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Bement, IL
How long does it take to sell a home in Bement, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 24 Days | +453.8% |
Summary: Homes in Bement had an average of 24 days on market in May 2024, up by 453.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Bement; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.