Is Bloomington, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Bloomington has remained a Seller's Market.

Key Takeaway

Bloomington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bloomington, IL cost?

Median Sold Price

$201,006

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$19,961(+11.0%)

Key Takeaway

Homes in Bloomington have sold for 11% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $80K$80K
0.0%
2 $118K$140K
+18.6%
3 $159.4K$184.4K
+15.7%
4 $266.2K$310K
+16.4%
5+ $289.9K$310.5K
+7.1%

Median Sold Price Compared To Nearby Cities

Normal Township
+16.3%
Normal
+16.3%
Bloomington Township
+13.5%
Bloomington City Township
+11.2%
Bloomington
+11.0%

How many homes are available in Bloomington, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
378346-8.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 55
0.0%
2 9373
-21.5%
3 150142
-5.3%
4 112109
-2.7%
5+ 1817
-5.6%

Number of Homes Sold

Aug 2022Sep 2022%
133122-8.3%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington, you could pay more than the asking price. 41.8% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
19 Days15 Days-21.2%

Breakdown of Home Sale Times

101 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bloomington are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bloomington, IL

There are 346 homes are for sale in Bloomington, IL real estate market. The number of listings in Bloomington, IL decreased by 8.5% between August 2022 and September 2022. While the average time on the market in September 2022 was 15 days, the median list price was $201,006. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties remained the same, prices of 2 bedrooms properties went up by 18.6%, 3 bedrooms properties prices increased by 15.7%, prices of 4 bedrooms properties went up by 16.4%, prices of 5 bedrooms properties increased by 7.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 21.5% less available, volume of 3 bedrooms homes went down by 5.3%, 4 bedrooms homes inventory decreased by 2.7%, number of 5 bedrooms homes decreased by 5.6%. In September 2022 more than 51 listings in Bloomington, IL were sold above the asking price. During the same period more than 27 listings were sold at asking price, while more than 44 were sold below.

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