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 December 2020

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.

How much do homes in Bremen Township, IL cost?

Median Sold Price

$200,008

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$30,015(+17.7%)

Key Takeaway

Homes in Bremen Township have sold for 17.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $66K$70K
+6.1%
2 $125K$142.6K
+14.1%
3 $184.7K$217.7K
+17.9%
4 $220K$245.3K
+11.5%
5+ $239.4K$275K
+14.8%

Median Sold Price Compared To Nearby Cities

Markham
+46.3%
Midlothian
+24.3%
Bremen Township
+17.7%
Country Club Hills
+15.6%
Oak Forest
+12.1%

How many homes are available in Bremen Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
642579-9.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 1310
-23.1%
2 153121
-20.9%
3 321304
-5.3%
4 131117
-10.7%
5+ 2427
+12.5%

Number of Homes Sold

Nov 2021Dec 2021%
161164+1.9%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

72 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. 43.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
40 Days29 Days-26.7%

Breakdown of Home Sale Times

111 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

15 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.

About Bremen Township, IL

Number of homes for sale in Bremen Township, IL real estate market have reached 579. In December 2021 in Bremen Township, IL there were 9.8% less homes for sale than in November 2021. Listings spent 29 days on the market in December 2021, and had a median list price of $200,008 during the same period. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 6.1%, prices of 2 bedrooms properties increased by 14.1%, 3 bedrooms properties prices increased by 17.9%, prices of 4 bedrooms properties increased by 11.5%, 5 bedrooms properties prices increased by 14.8%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 23.1%, 2 bedrooms homes inventory decreased by 20.9%, 3 bedrooms homes became 5.3% less available, volume of 4 bedrooms homes went down by 10.7%, volume of 5 bedrooms homes went up by 12.5%. In December 2021, from all listings sold in Bremen Township, IL there were more than 72 sold above asking price, over 62 sold below and more than 30 were sold right at the asked price.

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