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

Housing Market Conditions



Gauge showing Bloomington is a seller's market


Difference Since November 2022

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.

Housing Prices in Bloomington, IL

How much do homes in Bloomington, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Bloomington have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Bloomington was $233,730 in November 2023, up 11.8% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $85K$85K
2 $142K$149.9K
3 $190K$205K
4 $313.7K$325K
5+ $337K$378.5K

Summary: Bloomington housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Cities

Normal Township
Bloomington City Township

Housing Supply in Bloomington, IL

How many homes are available in Bloomington, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Bloomington real estate market had 289 homes for sale in November 2023, a 4.6% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 23
2 5344
3 143123
4 8293
5+ 2326

Summary: The Bloomington housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

40 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. 42.6% of homes here sold above asking price last month.

Summary: A total of 94 homes were sold or pending in Bloomington in November 2023, up by 9.3% month-over-month. Of the 94 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.

Days on Market for Bloomington, IL

How long does it take to sell a home in Bloomington, IL?

Average Sale Time

Nov 2022Nov 2023CHANGE
20 Days25 Days+23.3%

Summary: Homes in Bloomington had an average of 25 days on market in Nov 2023, up by 23.3% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

9 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.

Summary: During November 2023, 94 homes were sold in Bloomington; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in Bloomington, IL

Nearby Markets to Bloomington, IL

What housing markets are near Bloomington, IL?