Is Bloom Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bloom Township has remained a Seller's Market.
Housing Prices in Bloom Township, IL
How much do homes in Bloom Township, IL cost?
Median Sold Price
$195,853
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bloom Township was $195,853 in May 2024, up 3.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53K | $85K | +60.4% |
2 Bedrooms | $125K | $130K | +4.0% |
3 Bedrooms | $180.2K | $189.9K | +5.4% |
4 Bedrooms | $246K | $250K | +1.6% |
5+ Bedrooms | $236K | $270K | +14.4% |
Summary: Bloom Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
Glenwood | $180K | $200K | +11.1% |
Chicago Heights | $174.7K | $185K | +5.9% |
South Chicago Heights | $165K | $172K | +4.2% |
Bloom Township | $188.4K | $195.8K | +3.9% |
Housing Supply in Bloom Township, IL
How many homes are available in Bloom Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
349 | 346 | -0.9% |
Summary: The Bloom Township real estate market had 346 homes for sale in May 2024, a 0.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 40 | 49 | +22.5% |
3 Bedrooms | 194 | 180 | -7.2% |
4 Bedrooms | 82 | 80 | -2.4% |
5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The Bloom Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 22.5%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 87 | -18.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Bloom Township in May 2024, down by 18.7% month-over-month. Of the 87 sold homes, 29% were sold under asking, 21% were sold at asking, and 51% were sold over asking.
Days on Market for Bloom Township, IL
How long does it take to sell a home in Bloom Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 33 Days | -16.6% |
Summary: Homes in Bloom Township had an average of 33 days on market in May 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 87 homes were sold in Bloom Township; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.