Is Bloomington Township, 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, Bloomington Township has remained a Seller's Market.
Housing Prices in Bloomington Township, IL
How much do homes in Bloomington Township, IL cost?
Median Sold Price
$240,195
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bloomington Township was $240,195 in May 2024, up 4.8% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.5K | $136.5K | +71.7% |
2 Bedrooms | $142K | $155K | +9.2% |
3 Bedrooms | $214K | $210K | -1.9% |
4 Bedrooms | $315K | $335.8K | +6.6% |
5+ Bedrooms | $336.5K | $317.5K | -5.6% |
Summary: Bloomington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.5K | $250K | +16.0% |
Bloomington | $220K | $240.1K | +9.1% |
Bloomington City Township | $219.3K | $233K | +6.2% |
Bloomington Township | $229.2K | $240.1K | +4.8% |
Housing Supply in Bloomington Township, IL
How many homes are available in Bloomington Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
325 | 362 | +11.4% |
Summary: The Bloomington Township real estate market had 362 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 58 | 64 | +10.3% |
3 Bedrooms | 136 | 141 | +3.7% |
4 Bedrooms | 106 | 131 | +23.6% |
5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Bloomington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 115 | +19.8% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 115 homes were sold or pending in Bloomington Township in May 2024, up by 19.8% month-over-month. Of the 115 sold homes, 34% were sold under asking, 19% were sold at asking, and 47% were sold over asking.
Days on Market for Bloomington Township, IL
How long does it take to sell a home in Bloomington Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 29 Days | +93.5% |
Summary: Homes in Bloomington Township had an average of 29 days on market in May 2024, up by 93.5% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 115 homes were sold in Bloomington Township; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.