Is Bruce 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, Bruce Township has remained a Seller's Market.
Housing Prices in Bruce Township, IL
How much do homes in Bruce Township, IL cost?
Median Sold Price
$90,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bruce Township was $90,000 in March 2024, up 1.8% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $40K | 0.0% |
2 Bedrooms | $78K | $66.4K | -14.9% |
3 Bedrooms | $89K | $103K | +15.7% |
4 Bedrooms | $100K | $110K | +10.0% |
5+ Bedrooms | $91.2K | $142.5K | +56.2% |
Summary: Bruce Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 56.2%.
Median Sold Price Compared To Nearby Cities
Streator | $82K | $97K | +18.3% |
Bruce Township | $88.4K | $90K | +1.8% |
Housing Supply in Bruce Township, IL
How many homes are available in Bruce Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The Bruce Township real estate market had 52 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 7 | 3 | -57.1% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Bruce Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Bruce Township in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.
Days on Market for Bruce Township, IL
How long does it take to sell a home in Bruce Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 24 Days | -63.3% |
Summary: Homes in Bruce Township had an average of 24 days on market in Mar 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Bruce Township; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.