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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington City Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Bloomington City Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Bloomington City Township, IL

How much do homes in Bloomington City Township, IL cost?

Median Sold Price

$239,501

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,928(+6.2%)

Key Takeaway

Homes in Bloomington City Township have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Bloomington City Township was $239,501 in November 2024, up 6.2% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $80K$120K
+50.0%
2 $149.4K$158.3K
+5.9%
3 $200K$219.2K
+9.6%
4 $325K$345K
+6.2%
5+ $361.2K$340K
-5.9%

Summary: Bloomington City Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

Normal Township
+7.8%
Normal
+7.7%
Bloomington
+6.6%
Bloomington City Township
+6.2%

Housing Supply in Bloomington City Township, IL

How many homes are available in Bloomington City Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
292248-15.1%

Summary: The Bloomington City Township real estate market had 248 homes for sale in November 2024, a 15.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 6357
-9.5%
3 129113
-12.4%
4 8066
-17.5%
5+ 1711
-35.3%

Summary: The Bloomington City Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 35.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9979-20.2%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington City Township, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.

Summary: A total of 79 homes were sold or pending in Bloomington City Township in November 2024, down by 20.2% month-over-month. Of the 79 sold homes, 39% were sold under asking, 24% were sold at asking, and 37% 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

Nov 2023Nov 2024CHANGE
23 Days27 Days+15.9%

Summary: Homes in Bloomington City Township had an average of 27 days on market in Nov 2024, up by 15.9% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 79 homes were sold in Bloomington City Township; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% 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 17 Days Ago

Newest Listings in Bloomington City Township, IL

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