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 June 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

$235,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$14,941(+6.8%)

Key Takeaway

Homes in Bloomington City Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Bloomington City Township was $235,000 in June 2024, up 6.8% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $115K$84.7K
-26.3%
2 $140.6K$156K
+10.9%
3 $198K$204.9K
+3.5%
4 $319.1K$333K
+4.3%
5+ $350K$299.5K
-14.4%

Summary: Bloomington City Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 14.4%.

Median Sold Price Compared To Nearby Cities

Normal Township
+14.8%
Normal
+13.7%
Bloomington
+8.0%
Bloomington City Township
+6.8%
Bloomington Township
+0.9%

Housing Supply in Bloomington City Township, IL

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
330345+4.5%

Summary: The Bloomington City Township real estate market had 345 homes for sale in June 2024, a 4.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 34
+33.3%
2 6970
+1.4%
3 126115
-8.7%
4 115139
+20.9%
5+ 1717
0.0%

Summary: The Bloomington City Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
109100-8.3%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

56 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington City Township, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Summary: A total of 100 homes were sold or pending in Bloomington City Township in June 2024, down by 8.3% month-over-month. Of the 100 sold homes, 23% were sold under asking, 21% were sold at asking, and 56% 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

Jun 2023Jun 2024CHANGE
19 Days13 Days-28.8%

Summary: Homes in Bloomington City Township had an average of 13 days on market in Jun 2024, down by 28.8% compared to last year.

Breakdown of Home Sale Times

89 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 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 June 2024, 100 homes were sold in Bloomington City Township; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% 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 Bloomington City Township, IL

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