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.

5233 Nicholas Ct, Oak Forest, IL 60452

5233 Nicholas Ct, Oak Forest, IL 60452

$445,000~$1,650/mo.*
4 Beds • 4 Baths2,500 SqFt
Maria Maloney#11309880Listing Office:
Coldwell Banker Real Estate GroupMLS logo
14764 Kenton Ave Unit B1N, Midlothian, IL 60445

14764 Kenton Ave Unit B1N, Midlothian, IL 60445

$150,000~$550/mo.*
2 Beds • 2 Baths1,000 SqFt
Mary Raffanti#11309773Listing Office:
Housecenter Realty,Inc.MLS logo
6227 179th St, Tinley Park, IL 60477

6227 179th St, Tinley Park, IL 60477

$325,000~$1,200/mo.*
3 Beds • 3 Baths2,463 SqFt
Lucy Matune#11305036Listing Office:
Baird & WarnerMLS logo
17438 68th Ct, Tinley Park, IL 60477

17438 68th Ct, Tinley Park, IL 60477

$285,000~$1,050/mo.*
3 Beds • 3 Baths2,124 SqFt
Mithil Patel#11309134Listing Office:
HomeSmart Realty GroupMLS logo
6840 W Winding Trl Unit 403, Oak Forest, IL 60452

6840 W Winding Trl Unit 403, Oak Forest, IL 60452

$215,000~$800/mo.*
2 Beds • 2 Baths1,350 SqFt
Bart Basinski#11309072Listing Office:
Keller Williams EliteMLS logo
14330 Springfield Ave, Midlothian, IL 60445

14330 Springfield Ave, Midlothian, IL 60445

$267,900~$1,000/mo.*
3 Beds • 2 Baths1,868 SqFt
Kathy O'Radnik#11308980Listing Office:
RE/MAX 1st ServiceMLS logo
5233 James Ln Unit 1318, Crestwood, IL 60418

5233 James Ln Unit 1318, Crestwood, IL 60418

$129,900~$500/mo.*
2 Beds • 2 Baths1,000 SqFt
Maureen McNamara#11308919Listing Office:
Coldwell Banker RealtyMLS logo
16500 George Dr, Oak Forest, IL 60452

16500 George Dr, Oak Forest, IL 60452

$250,000~$950/mo.*
3 Beds • 2 Baths1,368 SqFt
Melissa Kingsbury#11308568Listing Office:
Redfin CorporationMLS logo
6419 181st Pl, Tinley Park, IL 60477

6419 181st Pl, Tinley Park, IL 60477

$197,000~$750/mo.*
3 Beds • 2 Baths1,163 SqFt
Cinnamon Allison#11308169Listing Office:
Illinois Real Estate PartnersMLS logo
4416 Midlothian Tpke, Crestwood, IL 60418

4416 Midlothian Tpke, Crestwood, IL 60418

$137,500~$500/mo.*
3 Beds • 1 Bath
Nancy Gudino#11308093Listing Office:
Nancy & Associates RealtyMLS logo
16425 Laura Ln, Oak Forest, IL 60452

16425 Laura Ln, Oak Forest, IL 60452

$279,700~$1,050/mo.*
3 Beds • 2 Baths1,750 SqFt
Neil Gates#11307980Listing Office:
Chase Real Estate LLCMLS logo
5632 Fern Ave, Oak Forest, IL 60452

5632 Fern Ave, Oak Forest, IL 60452

$331,700~$1,250/mo.*
3 Beds • 2 Baths1,731 SqFt
Diana Reiter#11307954Listing Office:
Village Realty, Inc.MLS logo

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.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 01/01/2020 - 01/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Last updated on: 1/24/2022, 11:15:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Related Housing Market Reports