Is Bremen Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$219,981
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bremen Township was $219,981 in April 2024, up 4.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $82.5K | +3.1% |
2 Bedrooms | $157.5K | $169K | +7.3% |
3 Bedrooms | $226.6K | $230K | +1.5% |
4 Bedrooms | $260.5K | $255K | -2.1% |
5+ Bedrooms | $305K | $296K | -3.0% |
Summary: Bremen Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
Markham | $140K | $157.8K | +12.8% |
Midlothian | $210K | $225K | +7.1% |
Bremen Township | $210K | $219.9K | +4.7% |
Oak Forest | $259.5K | $264K | +1.7% |
Country Club Hills | $195.5K | $189.9K | -2.9% |
Housing Supply in Bremen Township, IL
How many homes are available in Bremen Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
401 | 427 | +6.5% |
Summary: The Bremen Township real estate market had 427 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 67 | 69 | +3.0% |
3 Bedrooms | 219 | 220 | 0.5% |
4 Bedrooms | 77 | 92 | +19.5% |
5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The Bremen Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 119 | +3.5% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in Bremen Township in April 2024, up by 3.5% month-over-month. Of the 119 sold homes, 34% were sold under asking, 16% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 32 Days | -7.5% |
Summary: Homes in Bremen Township had an average of 32 days on market in Apr 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 119 homes were sold in Bremen Township; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.