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 September 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

$225,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,000(+7.1%)

Key Takeaway

Homes in Bremen Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Bremen Township was $225,000 in September 2024, up 7.1% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $79K$100K
+26.6%
2 $158.2K$179.9K
+13.7%
3 $225K$238.6K
+6.1%
4 $252K$271K
+7.5%
5+ $314.9K$295K
-6.3%

Summary: Bremen Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Cities

Markham
+16.4%
Oak Forest
+12.4%
Bremen Township
+7.1%
Midlothian
+5.8%
Country Club Hills
+2.4%

Housing Supply in Bremen Township, IL

How many homes are available in Bremen Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
457486+6.3%

Summary: The Bremen Township real estate market had 486 homes for sale in September 2024, a 6.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1414
0.0%
2 8796
+10.3%
3 213231
+8.5%
4 119115
-3.4%
5+ 2430
+25.0%

Summary: The Bremen Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12192-24.0%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

38 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. 41.3% of homes here sold above asking price last month.

Summary: A total of 92 homes were sold or pending in Bremen Township in September 2024, down by 24.0% month-over-month. Of the 92 sold homes, 37% were sold under asking, 22% were sold at asking, and 41% 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

Sep 2023Sep 2024CHANGE
27 Days23 Days-17.1%

Summary: Homes in Bremen Township had an average of 23 days on market in Sep 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

14 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 September 2024, 92 homes were sold in Bremen Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% 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 30 Days Ago

Newest Listings in Bremen Township, IL

Nearby Markets to Bremen Township, IL

What housing markets are near Bremen Township, IL?