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 June 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

$224,031

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$14,051(+6.7%)

Key Takeaway

Homes in Bremen Township have sold for 6.7% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $80K$95.5K
+19.4%
2 $156.5K$174K
+11.2%
3 $225.2K$234.9K
+4.3%
4 $260.1K$259.9K
-0.1%
5+ $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
+20.1%
Oak Forest
+7.5%
Bremen Township
+6.7%
Country Club Hills
+5.1%
Midlothian
+2.7%

Housing Supply in Bremen Township, IL

How many homes are available in Bremen Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
398447+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

# BEDSMay 2024Jun 2024CHANGE
1 1114
+27.3%
2 6169
+13.1%
3 210240
+14.3%
4 8997
+9.0%
5+ 2727
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 2024Jun 2024CHANGE
110103-6.4%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

55 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bremen Township, you could pay more than the asking price. 53.4% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
21 Days19 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

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 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.

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

Report Updated 26 Days Ago

Newest Listings in Bremen Township, IL

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What housing markets are near Bremen Township, IL?