Is Bloom Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$194,988
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bloom Township was $194,988 in March 2024, up 5.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54K | $62K | +14.8% |
2 Bedrooms | $125K | $130K | +4.0% |
3 Bedrooms | $180K | $189.9K | +5.5% |
4 Bedrooms | $239.9K | $250K | +4.2% |
5+ Bedrooms | $235K | $258K | +9.8% |
Summary: Bloom Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Glenwood | $172.5K | $195K | +13.0% |
Chicago Heights | $170K | $187K | +10.0% |
Bloom Township | $184.9K | $194.9K | +5.4% |
South Chicago Heights | $165K | $160.5K | -2.7% |
Housing Supply in Bloom Township, IL
How many homes are available in Bloom Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
360 | 386 | +7.2% |
Summary: The Bloom Township real estate market had 386 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 35 | 35 | 0.0% |
3 Bedrooms | 195 | 208 | +6.7% |
4 Bedrooms | 85 | 98 | +15.3% |
5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The Bloom Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 76 | +4.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Bloom Township in March 2024, up by 4.1% month-over-month. Of the 76 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 63 Days | -1.6% |
Summary: Homes in Bloom Township had an average of 63 days on market in Mar 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During March 2024, 76 homes were sold in Bloom Township; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.