Is Bremen 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, Bremen Township has remained a Seller's Market.
Housing Prices in Bremen Township, IL
How much do homes in Bremen Township, IL cost?
Median Sold Price
$224,031
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bremen Township was $224,031 in June 2024, up 6.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $95.5K | +19.4% |
2 Bedrooms | $156.5K | $174K | +11.2% |
3 Bedrooms | $225.2K | $234.9K | +4.3% |
4 Bedrooms | $260.1K | $259.9K | -0.1% |
5+ Bedrooms | $314.9K | $295.5K | -6.2% |
Summary: Bremen Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
Markham | $136.5K | $164K | +20.1% |
Oak Forest | $255.9K | $275K | +7.5% |
Bremen Township | $209.9K | $224K | +6.7% |
Country Club Hills | $185.4K | $195K | +5.1% |
Midlothian | $219K | $225K | +2.7% |
Housing Supply in Bremen Township, IL
How many homes are available in Bremen Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
398 | 447 | +12.3% |
Summary: The Bremen Township real estate market had 447 homes for sale in June 2024, a 12.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 61 | 69 | +13.1% |
3 Bedrooms | 210 | 240 | +14.3% |
4 Bedrooms | 89 | 97 | +9.0% |
5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Bremen Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
110 | 103 | -6.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Bremen Township in June 2024, down by 6.4% month-over-month. Of the 103 sold homes, 33% were sold under asking, 14% were sold at asking, and 53% were sold over asking.
Days on Market for Bremen Township, IL
How long does it take to sell a home in Bremen Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 19 Days | -9.7% |
Summary: Homes in Bremen Township had an average of 19 days on market in Jun 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 103 homes were sold in Bremen Township; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.