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 January 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

$229,350

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$19,345(+9.2%)

Key Takeaway

Homes in Bloomington City Township have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Bloomington City Township was $229,350 in January 2024, up 9.2% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $85K$70K
-17.6%
2 $140K$149.9K
+7.1%
3 $189.9K$203.9K
+7.4%
4 $315K$325K
+3.2%
5+ $372.5K$340.9K
-8.5%

Summary: Bloomington City Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 8.5%.

Median Sold Price Compared To Nearby Cities

Bloomington Township
+21.6%
Bloomington
+11.9%
Normal Township
+11.6%
Normal
+10.6%
Bloomington City Township
+9.2%

Housing Supply in Bloomington City Township, IL

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

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
190172-9.5%

Summary: The Bloomington City Township real estate market had 172 homes for sale in January 2024, a 9.5% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 55
0.0%
2 3640
+11.1%
3 7160
-15.5%
4 6456
-12.5%
5+ 1411
-21.4%

Summary: The Bloomington City Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
7250-30.6%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

16 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. 52% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Bloomington City Township in January 2024, down by 30.6% month-over-month. Of the 50 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% 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

Jan 2023Jan 2024CHANGE
27 Days39 Days+43.2%

Summary: Homes in Bloomington City Township had an average of 39 days on market in Jan 2024, up by 43.2% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 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 January 2024, 50 homes were sold in Bloomington City Township; 64% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 14% 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 27 Days Ago

Newest Listings in Bloomington City Township, IL

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