Monday, April 6, 2009

How Many Days on the Market is Standard for a Listing Bloomington?

When sellers are trying to plan when to put their house on the market or buyers are wondering how long to wait for a price reduction before submitting an offer, the question is always "What's the average Days On The Market for houses in this price range?". Here's the answer based on sales of single family houses in Bloomington since the first of this year:

  • Homes priced under $100,000: 79 days on the market
  • Homes priced between $100,000 and $150,000: 108 days on the market
  • Homes priced between $150,000 and $200,000: 118 days on the market
  • Homes priced between $200,000 and $250,000: 93 days on the market
  • Homes priced between $250,000 and $300,000: 159 days on the market
  • Homes priced between $300,000 and $400,000: 131 days on the market
  • Homes priced between $400,000 and $500,000: 212 days on the market
  • Homes priced between $500,000 and $600,000: 307 days on the market
  • Homes priced between $600,000 and $1M: 288 days on the market
  • Homes priced over $1M: no data due to no sales over $1M in 2009

Homes priced under $100K are moving very quickly. For the majority of homes that sell in this market you are looking at 3 to 4 months as the average time it takes to sell a house. Of course the desirability of the neighborhood, condition of the home and home staging are all factors that can alter the average.