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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bremen Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Bremen 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 Bremen Township, IL

How much do homes in Bremen Township, IL cost?

Median Sold Price

$228,871

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,692(+9.4%)

Key Takeaway

Homes in Bremen Township have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Bremen Township was $228,871 in November 2024, up 9.4% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $80K$100K
+25.0%
2 $160K$183K
+14.4%
3 $225K$241.8K
+7.5%
4 $250K$280K
+12.0%
5+ $314K$296.6K
-5.5%

Summary: Bremen Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Markham
+16.4%
Oak Forest
+12.9%
Bremen Township
+9.4%
Midlothian
+8.2%
Country Club Hills
+3.2%

Housing Supply in Bremen Township, IL

How many homes are available in Bremen Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
454469+3.3%

Summary: The Bremen Township real estate market had 469 homes for sale in November 2024, a 3.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1013
+30.0%
2 8580
-5.9%
3 219231
+5.5%
4 119123
+3.4%
5+ 2122
+4.8%

Summary: The Bremen Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10470-32.7%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bremen Township, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.

Summary: A total of 70 homes were sold or pending in Bremen Township in November 2024, down by 32.7% month-over-month. Of the 70 sold homes, 43% were sold under asking, 11% were sold at asking, and 46% were sold over asking.

Days on Market for Bremen Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days22 Days+1.3%

Summary: Homes in Bremen Township had an average of 22 days on market in Nov 2024, up by 1.3% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 70 homes were sold in Bremen Township; 83% of homes were sold within 30 days, 11% 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 2 Days Ago

Newest Listings in Bremen Township, IL

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What housing markets are near Bremen Township, IL?