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 February 2023

Since last year, 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

$237,277

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$43,777(+22.6%)

Key Takeaway

Homes in Bloomington Township have sold for 22.6% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $79.5K$85K
+6.9%
2 $145K$150K
+3.4%
3 $164.2K$210K
+27.9%
4 $304K$325.5K
+7.1%
5+ $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
+22.6%
Bloomington
+13.9%
Normal Township
+11.6%
Bloomington City Township
+9.9%

Housing Supply in Bloomington Township, IL

How many homes are available in Bloomington Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
197225+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

# BEDSJan 2024Feb 2024CHANGE
1 54
-20.0%
2 3940
+2.6%
3 7280
+11.1%
4 6785
+26.9%
5+ 1416
+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 2024Feb 2024CHANGE
5851-12.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington Township, you could pay more than the asking price. 37.3% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
40 Days44 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Bloomington Township, IL

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