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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bremen Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Bremen Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Bremen Township, IL

How much do homes in Bremen Township, IL cost?

Median Sold Price

$216,453

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$6,136(+2.9%)

Key Takeaway

Homes in Bremen Township have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Bremen Township was $216,453 in March 2024, up 2.9% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K$82.5K
+3.1%
2 $156K$167K
+7.1%
3 $226.9K$229.1K
+1.0%
4 $264K$254.7K
-3.5%
5+ $314.9K$302.2K
-4.0%

Summary: Bremen Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Markham
+10.7%
Midlothian
+5.8%
Bremen Township
+2.9%
Oak Forest
-0.8%
Country Club Hills
-4.3%

Housing Supply in Bremen Township, IL

How many homes are available in Bremen Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
391415+6.1%

Summary: The Bremen Township real estate market had 415 homes for sale in March 2024, a 6.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 816
+100.0%
2 6970
+1.4%
3 214228
+6.5%
4 8482
-2.4%
5+ 1619
+18.8%

Summary: The Bremen Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
90105+16.7%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bremen Township, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.

Summary: A total of 105 homes were sold or pending in Bremen Township in March 2024, up by 16.7% month-over-month. Of the 105 sold homes, 42% were sold under asking, 19% were sold at asking, and 39% 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

Mar 2023Mar 2024CHANGE
46 Days27 Days-42.0%

Summary: Homes in Bremen Township had an average of 27 days on market in Mar 2024, down by 42% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bremen Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 105 homes were sold in Bremen Township; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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 23 Days Ago

Newest Listings in Bremen Township, IL

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What housing markets are near Bremen Township, IL?