Is Bloomington, IN 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, Bloomington has remained a Seller's Market.
Housing Prices in Bloomington, IN
How much do homes in Bloomington, IN cost?
Median Sold Price
$320,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomington was $320,000 in April 2024, up 13.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $169.9K | -45.2% |
2 Bedrooms | $194K | $206.2K | +6.3% |
3 Bedrooms | $267K | $285K | +6.7% |
4 Bedrooms | $360K | $379.2K | +5.3% |
5+ Bedrooms | $695K | $750K | +7.9% |
Summary: Bloomington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Bloomington, IN
How many homes are available in Bloomington, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
172 | 283 | +64.5% |
Summary: The Bloomington real estate market had 283 homes for sale in April 2024, a 64.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 32 | 49 | +53.1% |
3 Bedrooms | 68 | 120 | +76.5% |
4 Bedrooms | 52 | 82 | +57.7% |
5+ Bedrooms | 19 | 29 | +52.6% |
Summary: The Bloomington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 53.1%, 3 bedroom homes increased by 76.5%, 4 bedroom homes increased by 57.7%, and 5+ bedroom homes increased by 52.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 50 | +233.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Bloomington in April 2024, up by 233.3% month-over-month. Of the 50 sold homes, 48% were sold under asking, 36% were sold at asking, and 16% were sold over asking.
Days on Market for Bloomington, IN
How long does it take to sell a home in Bloomington, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 40 Days | +35.8% |
Summary: Homes in Bloomington had an average of 40 days on market in Apr 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Bloomington; 12% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.