Is Bloomington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bloomington has remained a Seller's Market.
Housing Prices in Bloomington, IL
How much do homes in Bloomington, IL cost?
Median Sold Price
$241,315
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomington was $241,315 in April 2024, up 11.6% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $88K | $118.2K | +34.4% |
2 Bedrooms | $148K | $150K | +1.4% |
3 Bedrooms | $199.4K | $208K | +4.3% |
4 Bedrooms | $315K | $331.7K | +5.3% |
5+ Bedrooms | $349.5K | $340.9K | -2.5% |
Summary: Bloomington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.2K | $241.8K | +12.4% |
Bloomington | $216.2K | $241.3K | +11.6% |
Normal | $218.5K | $241.7K | +10.6% |
Bloomington Township | $220K | $240.7K | +9.4% |
Bloomington City Township | $215.1K | $232.5K | +8.1% |
Housing Supply in Bloomington, IL
How many homes are available in Bloomington, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
270 | 311 | +15.2% |
Summary: The Bloomington real estate market had 311 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 43 | 54 | +25.6% |
3 Bedrooms | 113 | 131 | +15.9% |
4 Bedrooms | 91 | 102 | +12.1% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Bloomington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 90 | +36.4% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Bloomington in April 2024, up by 36.4% month-over-month. Of the 90 sold homes, 34% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Bloomington, IL
How long does it take to sell a home in Bloomington, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 18 Days | -17.0% |
Summary: Homes in Bloomington had an average of 18 days on market in Apr 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 90 homes were sold in Bloomington; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.