Is Bremen Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$216,453
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $82.5K | +3.1% |
2 Bedrooms | $156K | $167K | +7.1% |
3 Bedrooms | $226.9K | $229.1K | +1.0% |
4 Bedrooms | $264K | $254.7K | -3.5% |
5+ Bedrooms | $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 | $140K | $155K | +10.7% |
Midlothian | $208K | $220K | +5.8% |
Bremen Township | $210.3K | $216.4K | +2.9% |
Oak Forest | $260K | $258K | -0.8% |
Country Club Hills | $198.5K | $189.9K | -4.3% |
Housing Supply in Bremen Township, IL
How many homes are available in Bremen Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
391 | 415 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 16 | +100.0% |
2 Bedrooms | 69 | 70 | +1.4% |
3 Bedrooms | 214 | 228 | +6.5% |
4 Bedrooms | 84 | 82 | -2.4% |
5+ Bedrooms | 16 | 19 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 105 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 27 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
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.