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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloom Township is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Bloom Township has remained a Seller's Market.

Key Takeaway

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

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

+$10,316(+5.5%)

Key Takeaway

Homes in Bloom Township have sold for 5.5% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $52.5K$100K
+90.5%
2 $127.4K$130K
+2.0%
3 $180K$191.6K
+6.5%
4 $240K$250K
+4.2%
5+ $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
+10.2%
Bloom Township
+5.5%
South Chicago Heights
+4.5%
Chicago Heights
+3.4%

Housing Supply in Bloom Township, IL

How many homes are available in Bloom Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
330355+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

# BEDSMay 2024Jun 2024CHANGE
1 76
-14.3%
2 4440
-9.1%
3 176193
+9.7%
4 7492
+24.3%
5+ 2924
-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 2024Jun 2024CHANGE
9160-34.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloom Township, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
33 Days38 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bloom Township are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 26 Days Ago

Newest Listings in Bloom Township, IL

Nearby Markets to Bloom Township, IL

What housing markets are near Bloom Township, IL?