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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bruce Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Bruce Township, IL

How much do homes in Bruce Township, IL cost?

Median Sold Price

$104,108

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,608(+21.8%)

Key Takeaway

Homes in Bruce Township have sold for 21.8% more than they did a year ago.

Summary: The median home sold price in Bruce Township was $104,108 in November 2024, up 21.8% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40K$38.5K
-3.8%
2 $62K$79.5K
+28.2%
3 $100.7K$115K
+14.1%
4 $95K$137K
+44.2%
5+ $95K$86K
-9.5%

Summary: Bruce Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 44.2%, and 5+ bedroom homes decreased by 9.5%.

Median Sold Price Compared To Nearby Cities

Otter Creek Township
+31.3%
Streator
+22.2%
Bruce Township
+21.8%

Housing Supply in Bruce Township, IL

How many homes are available in Bruce Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5557+3.6%

Summary: The Bruce Township real estate market had 57 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1717
0.0%
3 2621
-19.2%
4 59
+80.0%
5+ 69
+50.0%

Summary: The Bruce Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bruce Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Bruce Township in November 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for Bruce Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days30 Days-22.6%

Summary: Homes in Bruce Township had an average of 30 days on market in Nov 2024, down by 22.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 10 homes were sold in Bruce Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 Bruce Township, IL

Nearby Markets to Bruce Township, IL

What housing markets are near Bruce Township, IL?