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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bloomington Township, IL

How much do homes in Bloomington Township, IL cost?

Median Sold Price

$252,042

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,120(+5.5%)

Key Takeaway

Homes in Bloomington Township have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Bloomington Township was $252,042 in October 2024, up 5.5% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $85K$120K
+41.2%
2 $155K$162.5K
+4.8%
3 $210K$221K
+5.2%
4 $325K$350K
+7.7%
5+ $340.9K$390K
+14.4%

Summary: Bloomington Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Cities

Bloomington
+9.3%
Normal Township
+8.4%
Bloomington City Township
+6.6%
Bloomington Township
+5.5%

Housing Supply in Bloomington Township, IL

How many homes are available in Bloomington Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
334319-4.5%

Summary: The Bloomington Township real estate market had 319 homes for sale in October 2024, a 4.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 7063
-10.0%
3 132138
+4.5%
4 10693
-12.3%
5+ 2222
0.0%

Summary: The Bloomington Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
103106+2.9%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Bloomington Township in October 2024, up by 2.9% month-over-month. Of the 106 sold homes, 46% were sold under asking, 16% were sold at asking, and 38% were sold over asking.

Days on Market for Bloomington Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days23 Days+48.9%

Summary: Homes in Bloomington Township had an average of 23 days on market in Oct 2024, up by 48.9% compared to last year.

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 106 homes were sold in Bloomington Township; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% 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 16 Days Ago

Newest Listings in Bloomington Township, IL

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