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 November 2021

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.

How much do homes in Bloom Township, IL cost?

Median Sold Price

$189,357

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$11,007(+6.2%)

Key Takeaway

Homes in Bloom Township have sold for 6.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $53.5K$54K
+0.9%
2 $109.9K$121.7K
+10.8%
3 $175K$185K
+5.7%
4 $220K$249K
+13.2%
5+ $232.5K$215K
-7.5%

Median Sold Price Compared To Nearby Cities

South Chicago Heights
+10.7%
Glenwood
+7.8%
Bloom Township
+6.2%
Chicago Heights
+5.4%

How many homes are available in Bloom Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
475489+2.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 4951
+4.1%
3 263268
+1.9%
4 114124
+8.8%
5+ 4845
-6.3%

Number of Homes Sold

Oct 2022Nov 2022%
88101+14.8%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloom Township, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days32 Days+63.2%

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

9 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.

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

About Bloom Township, IL

Number of homes for sale in Bloom Township, IL real estate market have reached 489. The number of listings in Bloom Township, IL increased by 2.9% between October 2022 and November 2022. In November 2022 median list price was $189,357 and the average listing age was 32 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0.9%, 2 bedrooms properties prices increased by 10.8%, the cost of 3 bedrooms properties went up by 5.7%, 4 bedrooms properties prices increased by 13.2%, 5 bedrooms properties became 7.5% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 4.1%, number of 3 bedrooms homes increased by 1.9%, the quantity of 4 bedrooms homes went up by 8.8%, number of 5 bedrooms homes decreased by 6.3%. Over 35 listings were sold over their listed price in November 2022 in Bloom Township, IL. In the same period over 41 listings were sold below the listed price and 25 listings were sold for the listed price.

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