Is Bloomington Township, 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 Township has remained a Seller's Market.
Housing Prices in Bloomington Township, IL
How much do homes in Bloomington Township, IL cost?
Median Sold Price
$240,736
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomington Township was $240,736 in April 2024, up 9.4% 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 | $79.5K | $118.2K | +48.7% |
2 Bedrooms | $149.5K | $150K | 0.3% |
3 Bedrooms | $207.5K | $208K | 0.2% |
4 Bedrooms | $300K | $331.5K | +10.5% |
5+ Bedrooms | $328.9K | $340.9K | +3.6% |
Summary: Bloomington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.7%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.2K | $241.8K | +12.4% |
Bloomington | $216.2K | $241.3K | +11.6% |
Bloomington Township | $220K | $240.7K | +9.4% |
Bloomington City Township | $215.1K | $232.5K | +8.1% |
Housing Supply in Bloomington Township, IL
How many homes are available in Bloomington Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
270 | 311 | +15.2% |
Summary: The Bloomington Township 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 Township 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 Township 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 Township, IL
How long does it take to sell a home in Bloomington Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 18 Days | -17.0% |
Summary: Homes in Bloomington Township 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 Township; 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.