Is Bement, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bement is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bement has remained a Seller's Market.

Key Takeaway

Bement is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$32,500(+27.7%)

Key Takeaway

Homes in Bement have sold for 27.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $85K$77.5K
-8.8%
3 $123.9K$170K
+37.2%
4 $145K$59.9K
-58.7%
5+ -$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
+27.7%
Bement Township
+23.5%

Housing Supply in Bement, IL

How many homes are available in Bement, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
65-16.7%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 64
-33.3%
4 00
0.0%
5+ 00
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 2024May 2024CHANGE
23+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bement, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

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 2023May 2024CHANGE
4 Days24 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bement are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Bement, IL

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