Friday, December 6, 2013 / by John Armstrong
Under $50K in The Bloomington Real Estate Market
How's the Under $50K Market in Bloomington-Normal?
If you've been shopping for a home for sale in Bloomington-Normal under $50,000 this blog is not news to you. The $50K market has been selling like crazy to investors. I believe it's only going to get in Hotter!!!!
Key Stats On Homes listed in Bloomington-Normal for sale since Jan 1 2013 under $50K
- 57 Houses listed since Jan. 1 2013, for sale under $50K since Jan. 1 2013 in Bloomington-Normal
- 8 are currently for sale
- 1 listed for sale is a short sale with an offer currently, 7 houses are available
- 46 have closed
- 3 are currently pending
- 37 Median Days is how long they took to sell
4 under $50,000 homes were listed in the past 30 days in BloNo 3 of 4 are currently under contract. Remember Real Estate in Bloomington-Normal is no different than any other bought and sold commodity, laws of supply and demand apply.
The under $50,000 Real Estate market in Bloomington-Normal is at an inventory shortage for the demand. Rising prices won't be far behind!!!!!
