Is Bloom Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Bloom Township has remained a Seller's Market.
Housing Prices in Bloom Township, IL
How much do homes in Bloom Township, IL cost?
Median Sold Price
$197,945
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bloom Township was $197,945 in June 2024, up 5.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52.5K | $100K | +90.5% |
2 Bedrooms | $127.4K | $130K | +2.0% |
3 Bedrooms | $180K | $191.6K | +6.5% |
4 Bedrooms | $240K | $250K | +4.2% |
5+ Bedrooms | $240K | $260K | +8.3% |
Summary: Bloom Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Glenwood | $183K | $201.7K | +10.2% |
Bloom Township | $187.6K | $197.9K | +5.5% |
South Chicago Heights | $165K | $172.5K | +4.5% |
Chicago Heights | $178.4K | $184.4K | +3.4% |
Housing Supply in Bloom Township, IL
How many homes are available in Bloom Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
330 | 355 | +7.6% |
Summary: The Bloom Township real estate market had 355 homes for sale in June 2024, a 7.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 44 | 40 | -9.1% |
3 Bedrooms | 176 | 193 | +9.7% |
4 Bedrooms | 74 | 92 | +24.3% |
5+ Bedrooms | 29 | 24 | -17.2% |
Summary: The Bloom Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes decreased by 17.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
91 | 60 | -34.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Bloom Township in June 2024, down by 34.1% month-over-month. Of the 60 sold homes, 38% were sold under asking, 18% were sold at asking, and 43% were sold over asking.
Days on Market for Bloom Township, IL
How long does it take to sell a home in Bloom Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
33 Days | 38 Days | +13.7% |
Summary: Homes in Bloom Township had an average of 38 days on market in Jun 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 60 homes were sold in Bloom Township; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.