All Reports Monthly Market Report Bloomington MSA • August 2024 • All Residential

Monthly Market Report

Monthly totals, trends, and year-over-year comparisons

 Quick Summary

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Monthly Market ReportBloomington MSAAugust 2024

Supply

Inventory

Average daily inventory
August 2024
601
Expected range of 250–276
Month-over-month
+4%
Typical change is about +5%
Year-over-year
+31%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: A listing counts in inventory if its status is active, not pending or sold. Inventory fluctuates constantly, so we calculate the monthly measure as the inventory at the start of each day average across the entire month. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

New Listings

Monthly total by listing date
August 2024
220
Expected range of 183–202
Month-over-month
-2%
Typical change is about +1%
Year-over-year
+9%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: Listings may be posted to an MLS system after their listing date. Historically, 92% of listings are posted within three days and 99% within seven days. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

Sales

Closed Sales

Monthly total of closed sales
August 2024
162
Expected range of 136–150
Month-over-month
+1%
Typical change is about +9%
Year-over-year
-8%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: Sales may be posted to an MLS system after their closing date. Historically, 79% of listings are posted within three days and 96% within seven days. Reporting was slower before 2018, and the cutoff for counting a sale is adjusted for each period so that earlier years are counted on the same basis as recent ones. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

New Pending Contracts

Monthly total by pending date
August 2024
101
Expected range of 173–192
Month-over-month
-11%
Typical change is about -1%
Year-over-year
-23%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: While not all pending contracts result in a closed sale, they are a very strong predictor of sales trends five weeks in the future. Pending contracts may be posted to an MLS system after their pending date. Historically, 81% of listings are posted within three days and 92% within seven days. A listing that goes pending more than once in a month now counts once per pending, rather than once for the month. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

Market Momentum

Median Days on Market

Days from listing to pending
August 2024
34
Expected range of 34–37
Month-over-month
-21%
Typical change is about +7%
Year-over-year
-3%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: Days on market is the time from listing to pending for listings that went under contract within the period. To filter out erroneous data, this filters out listings with a pending date before 2017. There is delay in entering pending dates, so recent months represent only the portion of sales with a pending date. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

Months of Inventory

Current supply versus 12-month sales average
August 2024
4.1
Expected range of 2.6–2.8
Month-over-month
+4%
Typical change is about +5%
Year-over-year
+48%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: Months of inventory is calculated as the current month's supply ÷ the average sales per month over the previous 12 months. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

Price

Median Sale Price

Median monthly sale price
August 2024
$310,000
Expected range of 239,646–264,872
Month-over-month
+0%
Typical change is about -2%
Year-over-year
+13%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors. The median price represents the middle value of all properties sold. Half of sales had a higher price and half had a lower price. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

Sale Price as Pct. of List Price

Monthly average
August 2024
95.1%
Expected range of 95.1%–97.0%
Month-over-month
-1%
Typical change is about -1%
Year-over-year
-0%
View source and notes...

Last update: Sept. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors. Expected values were refit in August 2026 and now align to the month they describe. Sale price does not deduct any concessions, including seller-paid closing costs and buyer agent compensation. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Bloomington MSA includes Monroe County, Owen County.

Demographics

Affordability