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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Bloomington Township, IL

How much do homes in Bloomington Township, IL cost?

Median Sold Price

$215,000

$105/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$37,500(-14.9%)

Key Takeaway

Homes in Bloomington Township have sold for 14.9% less than they did a month ago.

Summary: The median home sold price in Bloomington Township was $215,000 in November 2024, down 14.9% from last month, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $25K$150K
+500.0%
2 $185K$135.2K
-26.9%
3 $230K$222.5K
-3.3%
4 $328K$386.2K
+17.7%
5+ $375K$465K
+24.0%

Summary: Bloomington Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 26.9%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 24%.

Housing Supply in Bloomington Township, IL

How many homes are available in Bloomington Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
323271-16.1%

Summary: The Bloomington Township real estate market had 271 homes for sale in November 2024, a 16.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 6458
-9.4%
3 139123
-11.5%
4 9576
-20.0%
5+ 2213
-40.9%

Summary: The Bloomington Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 40.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11285-24.1%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington Township, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in Bloomington Township in November 2024, down by 24.1% month-over-month. Of the 85 sold homes, 42% were sold under asking, 22% 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

Oct 2024Nov 2024CHANGE
22 Days34 Days+51.3%

Summary: Homes in Bloomington Township had an average of 34 days on market in Nov 2024, up by 51.3% compared to last month.

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

12 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 85 homes were sold in Bloomington Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% 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 9 Days Ago

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