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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington City Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Bloomington City Township, IL

How much do homes in Bloomington City Township, IL cost?

Median Sold Price

$232,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,333(+8.6%)

Key Takeaway

Homes in Bloomington City Township have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Bloomington City Township was $232,000 in March 2024, up 8.6% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $85K$100K
+17.6%
2 $142K$148.9K
+4.9%
3 $195.1K$203.5K
+4.3%
4 $315K$330K
+4.8%
5+ $325K$350K
+7.7%

Summary: Bloomington City Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

Bloomington
+12.7%
Normal Township
+12.2%
Normal
+12.0%
Bloomington City Township
+8.6%

Housing Supply in Bloomington City Township, IL

How many homes are available in Bloomington City Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
208239+14.9%

Summary: The Bloomington City Township real estate market had 239 homes for sale in March 2024, a 14.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 4041
+2.5%
3 7596
+28.0%
4 7785
+10.4%
5+ 1315
+15.4%

Summary: The Bloomington City Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4955+12.2%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington City Township, you may be able to get a good deal. 34.5% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Bloomington City Township in March 2024, up by 12.2% month-over-month. Of the 55 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.

Days on Market for Bloomington City Township, IL

How long does it take to sell a home in Bloomington City Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
14 Days41 Days+180.8%

Summary: Homes in Bloomington City Township had an average of 41 days on market in Mar 2024, up by 180.8% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 55 homes were sold in Bloomington City Township; 78% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 15% 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 23 Days Ago

Newest Listings in Bloomington City Township, IL

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