Is Bruce Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bruce Township has remained a Seller's Market.
Housing Prices in Bruce Township, IL
How much do homes in Bruce Township, IL cost?
Median Sold Price
$90,000
$77/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Bruce Township was $90,000 in April 2024, the same as last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $40K | 0.0% |
2 Bedrooms | $80K | $66.4K | -17.0% |
3 Bedrooms | $94.2K | $102.2K | +8.5% |
4 Bedrooms | $100K | $112.5K | +12.5% |
5+ Bedrooms | $91.2K | $110.5K | +21.1% |
Summary: Bruce Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
Streator | $88K | $95K | +8.0% |
Bruce Township | $90K | $90K | 0.0% |
Reading Township | $107.5K | $102.5K | -4.7% |
Eagle Township | $128.5K | $86.7K | -32.5% |
Housing Supply in Bruce Township, IL
How many homes are available in Bruce Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 45 | -10.0% |
Summary: The Bruce Township real estate market had 45 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Bruce Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Bruce Township in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Bruce Township, IL
How long does it take to sell a home in Bruce Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 66 Days | +59.9% |
Summary: Homes in Bruce Township had an average of 66 days on market in Apr 2024, up by 59.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Bruce Township; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.