Is Bloomington Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Bloomington Township has remained a Seller's Market.
Housing Prices in Bloomington Township, IL
How much do homes in Bloomington Township, IL cost?
Median Sold Price
$279,500
$116/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Bloomington Township was $279,500 in March 2024, up 23.7% from last month, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $220K | +10.0% |
2 Bedrooms | $123.7K | $141.2K | +14.1% |
3 Bedrooms | $169K | $252.9K | +49.7% |
4 Bedrooms | $375K | $360K | -4.0% |
5+ Bedrooms | $238K | $172.4K | -27.5% |
Summary: Bloomington Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 49.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
Bloomington Township | $226K | $279.5K | +23.7% |
Dale Township | $402.5K | $356K | -11.6% |
Housing Supply in Bloomington Township, IL
How many homes are available in Bloomington Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
232 | 263 | +13.4% |
Summary: The Bloomington Township real estate market had 263 homes for sale in March 2024, a 13.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 40 | 41 | +2.5% |
3 Bedrooms | 85 | 108 | +27.1% |
4 Bedrooms | 87 | 93 | +6.9% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Bloomington Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Bloomington Township in March 2024, up by 9.1% month-over-month. Of the 60 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for Bloomington Township, IL
How long does it take to sell a home in Bloomington Township, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 45 Days | +6.0% |
Summary: Homes in Bloomington Township had an average of 45 days on market in Mar 2024, up by 6% compared to last month.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Bloomington 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.