Is Bloomington City 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, Bloomington City Township has remained a Seller's Market.
Housing Prices in Bloomington City Township, IL
How much do homes in Bloomington City Township, IL cost?
Median Sold Price
$232,583
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomington City Township was $232,583 in April 2024, up 8.1% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $88K | $100K | +13.6% |
2 Bedrooms | $148K | $148.9K | +0.6% |
3 Bedrooms | $198K | $203K | +2.5% |
4 Bedrooms | $315K | $330.5K | +4.9% |
5+ Bedrooms | $333K | $330K | -0.9% |
Summary: Bloomington City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.2K | $241.8K | +12.4% |
Bloomington | $216.2K | $241.3K | +11.6% |
Normal | $218.5K | $241.7K | +10.6% |
Bloomington Township | $220K | $240.7K | +9.4% |
Bloomington City Township | $215.1K | $232.5K | +8.1% |
Housing Supply in Bloomington City Township, IL
How many homes are available in Bloomington City Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
246 | 284 | +15.4% |
Summary: The Bloomington City Township real estate market had 284 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 43 | 54 | +25.6% |
3 Bedrooms | 101 | 115 | +13.9% |
4 Bedrooms | 83 | 94 | +13.3% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Bloomington City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 84 | +37.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Bloomington City Township in April 2024, up by 37.7% month-over-month. Of the 84 sold homes, 35% were sold under asking, 12% were sold at asking, and 54% were sold over asking.
Days on Market for Bloomington City Township, IL
How long does it take to sell a home in Bloomington City Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -11.7% |
Summary: Homes in Bloomington City Township had an average of 17 days on market in Apr 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 84 homes were sold in Bloomington City Township; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.