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 November 2021

At the same time last year, Bement was a Neutral Market.

Key Takeaway

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

How much do homes in Bement, IL cost?

Median Sold Price

$104,000

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$15,850(-13.2%)

Key Takeaway

Homes in Bement have sold for 13.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$50K
N/A
2 $85.9K$86K
0.1%
3 $132.4K$118.7K
-10.4%
4 $123.6K$145K
+17.3%
5+ $118K$85K
-28.0%

Median Sold Price Compared To Nearby Cities

Bement Township
-10.6%
Bement
-13.2%

How many homes are available in Bement, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
58+60.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 24
+100.0%
4 34
+33.3%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bement, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
6 Days45 Days+658.3%

Breakdown of Home Sale Times

1 Home Was 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.

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

About Bement, IL

Homes for sale in Bement, IL have reached 8. The number of listings in Bement, IL increased by 60% between October 2022 and November 2022. In November 2022 median list price was $104,000 and the average listing age was 45 days. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 0.1%, prices of 3 bedrooms properties went down by 10.4%, 4 bedrooms properties became 17.3% more expensive, the cost of 5 bedrooms properties went down by 28%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 100%, 4 bedrooms homes inventory increased by 33.3%, number of 5 bedrooms homes remained the same. In November 2022, from all listings sold in Bement, IL there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.