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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bement Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Bement Township was a Neutral Market.

Key Takeaway

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

How much do homes in Bement Township, IL cost?

Median Sold Price

$114,500

$88/sqft

Based on all homes sold in August 2022.

Difference Since Last Month

-$16,500(-12.6%)

Key Takeaway

Homes in Bement Township have sold for 12.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 --
N/A
2 $87K$85K
-2.3%
3 $175K$114.5K
-34.6%
4 -$219K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Bement Township
-12.6%
Bement
-12.6%

How many homes are available in Bement Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
1213+8.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 45
+25.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bement Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2022Aug 2022%
8 Days10 Days+17.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bement Township 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 Township, IL

Bement Township, IL has 13 homes on the market. The number of listings in Bement Township, IL increased by 8.3% between July 2022 and August 2022. The median list price of listings available in August 2022 was $114,500, while the average time on the real estate market was 10 days. Between August 2021 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties decreased by 2.3%, 3 bedrooms properties prices decreased by 34.6%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties prices increased by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes did not move, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes went up by 25%, volume of 5 bedrooms homes stayed the same. Over 1 listings were sold over their listed price in August 2022 in Bement Township, IL. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.

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