Is Bremen 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, Bremen Township has remained a Seller's Market.
Housing Prices in Bremen Township, IL
How much do homes in Bremen Township, IL cost?
Median Sold Price
$220,174
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bremen Township was $220,174 in May 2024, up 4.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $83K | 0.0% |
2 Bedrooms | $158.9K | $169.4K | +6.6% |
3 Bedrooms | $226.9K | $230K | +1.4% |
4 Bedrooms | $265.2K | $254.5K | -4.0% |
5+ Bedrooms | $305K | $295K | -3.3% |
Summary: Bremen Township 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 increased by 6.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
Markham | $140K | $163K | +16.4% |
Bremen Township | $210K | $220.1K | +4.8% |
Midlothian | $212.5K | $220.6K | +3.8% |
Oak Forest | $259.8K | $268.3K | +3.3% |
Country Club Hills | $189.9K | $191.5K | +0.8% |
Housing Supply in Bremen Township, IL
How many homes are available in Bremen Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
407 | 421 | +3.4% |
Summary: The Bremen Township real estate market had 421 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 68 | 61 | -10.3% |
3 Bedrooms | 205 | 222 | +8.3% |
4 Bedrooms | 90 | 99 | +10.0% |
5+ Bedrooms | 31 | 28 | -9.7% |
Summary: The Bremen Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
130 | 103 | -20.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Bremen Township in May 2024, down by 20.8% month-over-month. Of the 103 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Bremen Township, IL
How long does it take to sell a home in Bremen Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 19 Days | -34.4% |
Summary: Homes in Bremen Township had an average of 19 days on market in May 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 103 homes were sold in Bremen Township; 81% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.