Is Bloomington Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 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
$237,277
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bloomington Township was $237,277 in February 2024, up 22.6% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.5K | $85K | +6.9% |
2 Bedrooms | $145K | $150K | +3.4% |
3 Bedrooms | $164.2K | $210K | +27.9% |
4 Bedrooms | $304K | $325.5K | +7.1% |
5+ Bedrooms | $198.5K | $378K | +90.4% |
Summary: Bloomington Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 27.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 90.4%.
Median Sold Price Compared To Nearby Cities
Bloomington Township | $193.5K | $237.2K | +22.6% |
Bloomington | $210K | $239.2K | +13.9% |
Normal Township | $215K | $239.9K | +11.6% |
Bloomington City Township | $209.4K | $230.1K | +9.9% |
Housing Supply in Bloomington Township, IL
How many homes are available in Bloomington Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
197 | 225 | +14.2% |
Summary: The Bloomington Township real estate market had 225 homes for sale in February 2024, a 14.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 39 | 40 | +2.6% |
3 Bedrooms | 72 | 80 | +11.1% |
4 Bedrooms | 67 | 85 | +26.9% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Bloomington Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
58 | 51 | -12.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Bloomington Township in February 2024, down by 12.1% month-over-month. Of the 51 sold homes, 33% were sold under asking, 29% were sold at asking, and 37% 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 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 44 Days | +9.4% |
Summary: Homes in Bloomington Township had an average of 44 days on market in Feb 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 51 homes were sold in Bloomington Township; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.