Is Bloomington City 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, Bloomington City Township has remained a Seller's Market.
Housing Prices in Bloomington City Township, IL
How much do homes in Bloomington City Township, IL cost?
Median Sold Price
$233,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bloomington City Township was $233,000 in May 2024, up 6.2% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $100K | -13.0% |
2 Bedrooms | $142K | $155K | +9.2% |
3 Bedrooms | $196.8K | $203.6K | +3.4% |
4 Bedrooms | $319.9K | $335K | +4.7% |
5+ Bedrooms | $353.7K | $299.5K | -15.3% |
Summary: Bloomington City Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.5K | $250K | +16.0% |
Normal | $220K | $250K | +13.6% |
Bloomington | $220K | $240.1K | +9.1% |
Bloomington City Township | $219.3K | $233K | +6.2% |
Bloomington Township | $229.2K | $240.1K | +4.8% |
Housing Supply in Bloomington City Township, IL
How many homes are available in Bloomington City Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
295 | 320 | +8.5% |
Summary: The Bloomington City Township real estate market had 320 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 58 | 64 | +10.3% |
3 Bedrooms | 121 | 122 | +0.8% |
4 Bedrooms | 95 | 114 | +20.0% |
5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Bloomington City Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 103 | +15.7% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Bloomington City Township in May 2024, up by 15.7% month-over-month. Of the 103 sold homes, 36% were sold under asking, 17% were sold at asking, and 47% were sold over asking.
Days on Market for Bloomington City Township, IL
How long does it take to sell a home in Bloomington City Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 27 Days | +94.5% |
Summary: Homes in Bloomington City Township had an average of 27 days on market in May 2024, up by 94.5% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 103 homes were sold in Bloomington City Township; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.