Is Bloomington Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Bloomington Township was a Buyer's Market.

Key Takeaway

Bloomington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bloomington Township, IN

How much do homes in Bloomington Township, IN cost?

Median Sold Price

$320,000

$188/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$14,500(-4.3%)

Key Takeaway

Homes in Bloomington Township have sold for 4.3% less than they did a month ago.

Summary: The median home sold price in Bloomington Township was $320,000 in March 2024, down 4.3% from last month, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $212K$219K
+3.3%
3 $251K$330K
+31.5%
4 $429K$437K
+1.9%
5+ $349.9K$325K
-7.1%

Summary: Bloomington Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 31.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Cities

Washington Township
+68.5%
Richland Township
+37.2%
Bloomington Township
-4.3%
Bloomington
-4.3%

Housing Supply in Bloomington Township, IN

How many homes are available in Bloomington Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
107218+103.7%

Summary: The Bloomington Township real estate market had 218 homes for sale in March 2024, a 103.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 04
+100.0%
2 2454
+125.0%
3 4889
+85.4%
4 2755
+103.7%
5+ 816
+100.0%

Summary: The Bloomington 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 125%, 3 bedroom homes increased by 85.4%, 4 bedroom homes increased by 103.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
951+466.7%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Bloomington Township in March 2024, up by 466.7% month-over-month. Of the 51 sold homes, 47% were sold under asking, 25% were sold at asking, and 27% were sold over asking.

Days on Market for Bloomington Township, IN

How long does it take to sell a home in Bloomington Township, IN?

Average Sale Time

Feb 2024Mar 2024CHANGE
19 Days28 Days+41.9%

Summary: Homes in Bloomington Township had an average of 28 days on market in Mar 2024, up by 41.9% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bloomington Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 51 homes were sold in Bloomington Township; 18% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in Bloomington Township, IN

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