Is Bloomington City Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Bloomington City Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $84.7K | -26.3% |
2 Bedrooms | $140.6K | $156K | +10.9% |
3 Bedrooms | $198K | $204.9K | +3.5% |
4 Bedrooms | $319.1K | $333K | +4.3% |
5+ Bedrooms | $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 | $217.9K | $250.2K | +14.8% |
Normal | $220K | $250.2K | +13.7% |
Bloomington | $223.9K | $241.8K | +8.0% |
Bloomington City Township | $220K | $235K | +6.8% |
Bloomington Township | $239K | $241.3K | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
330 | 345 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 69 | 70 | +1.4% |
3 Bedrooms | 126 | 115 | -8.7% |
4 Bedrooms | 115 | 139 | +20.9% |
5+ Bedrooms | 17 | 17 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
109 | 100 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 13 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
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.