Is Bloomington Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Bloomington Township was a Buyer's Market.
Housing Prices in Bloomington Township, IN
How much do homes in Bloomington Township, IN cost?
Median Sold Price
$349,950
$189/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Bloomington Township was $349,950 in May 2024, up 17.5% from last month, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $122.5K | N/A |
2 Bedrooms | $169.9K | $185.7K | +9.3% |
3 Bedrooms | $297.9K | $326.2K | +9.5% |
4 Bedrooms | $349.9K | $450K | +28.6% |
5+ Bedrooms | $760K | $757.5K | -0.3% |
Summary: Bloomington Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
Bloomington Township | $297.9K | $349.9K | +17.5% |
Bloomington | $297.9K | $349.9K | +17.5% |
Richland Township | $379.9K | $379.5K | -0.1% |
Benton Township | $940K | $485K | -48.4% |
Housing Supply in Bloomington Township, IN
How many homes are available in Bloomington Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 298 | +86.3% |
Summary: The Bloomington Township real estate market had 298 homes for sale in May 2024, a 86.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 23 | 38 | +65.2% |
3 Bedrooms | 73 | 138 | +89.0% |
4 Bedrooms | 47 | 90 | +91.5% |
5+ Bedrooms | 14 | 26 | +85.7% |
Summary: The Bloomington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 65.2%, 3 bedroom homes increased by 89%, 4 bedroom homes increased by 91.5%, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 86 | +975.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 86 homes were sold or pending in Bloomington Township in May 2024, up by 975.0% month-over-month. Of the 86 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% were sold over asking.
Days on Market for Bloomington Township, IN
How long does it take to sell a home in Bloomington Township, IN?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 Days | 34 Days | -14.2% |
Summary: Homes in Bloomington Township had an average of 34 days on market in May 2024, down by 14.2% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 86 homes were sold in Bloomington Township; 12% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.