Is Bloom Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloom Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bloom Township was a Seller's Market.

Key Takeaway

Bloom Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bloom Township, IL

How much do homes in Bloom Township, IL cost?

Median Sold Price

$194,737

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,737(+2.5%)

Key Takeaway

Homes in Bloom Township have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Bloom Township was $194,737 in October 2024, up 2.5% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $63.5K$75K
+18.1%
2 $130K$127K
-2.3%
3 $180K$186.2K
+3.4%
4 $245K$250K
+2.0%
5+ $254K$248.7K
-2.1%

Summary: Bloom Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 2.1%.

Median Sold Price Compared To Nearby Cities

Glenwood
+6.8%
Chicago Heights
+2.8%
Bloom Township
+2.5%

Housing Supply in Bloom Township, IL

How many homes are available in Bloom Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
353416+17.8%

Summary: The Bloom Township real estate market had 416 homes for sale in October 2024, a 17.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 48
+100.0%
2 3150
+61.3%
3 180212
+17.8%
4 104109
+4.8%
5+ 3437
+8.8%

Summary: The Bloom Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 61.3%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 8.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6364+1.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloom Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Bloom Township in October 2024, up by 1.6% month-over-month. Of the 64 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.

Days on Market for Bloom Township, IL

How long does it take to sell a home in Bloom Township, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days33 Days-6.0%

Summary: Homes in Bloom Township had an average of 33 days on market in Oct 2024, down by 6% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 64 homes were sold in Bloom Township; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in Bloom Township, IL

Nearby Markets to Bloom Township, IL

What housing markets are near Bloom Township, IL?