Is McLean County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, McLean County has remained a Seller's Market.
Housing Prices in McLean County, IL
How much do homes in McLean County, IL cost?
Median Sold Price
$234,972
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in McLean County was $234,972 in June 2024, up 10.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $136.5K | +11.4% |
2 Bedrooms | $138.2K | $155K | +12.1% |
3 Bedrooms | $200K | $215K | +7.5% |
4 Bedrooms | $300K | $325K | +8.3% |
5+ Bedrooms | $322.4K | $280K | -13.2% |
Summary: McLean County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Counties
Piatt County | $180K | $220K | +22.2% |
Ford County | $121K | $138.2K | +14.3% |
McLean County | $212.9K | $234.9K | +10.3% |
Woodford County | $200K | $217.5K | +8.8% |
De Witt County | $128K | $137K | +7.0% |
Housing Supply in McLean County, IL
How many homes are available in McLean County, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
667 | 693 | +3.9% |
Summary: The McLean County real estate market had 693 homes for sale in June 2024, a 3.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 109 | 113 | +3.7% |
3 Bedrooms | 293 | 292 | -0.3% |
4 Bedrooms | 213 | 236 | +10.8% |
5+ Bedrooms | 46 | 46 | 0.0% |
Summary: The McLean County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
201 | 212 | +5.5% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
111 Homes Were Sold
Over Asking
Summary: A total of 212 homes were sold or pending in McLean County in June 2024, up by 5.5% month-over-month. Of the 212 sold homes, 25% were sold under asking, 22% were sold at asking, and 52% were sold over asking.
Days on Market for McLean County, IL
How long does it take to sell a home in McLean County, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 17 Days | +4.9% |
Summary: Homes in McLean County had an average of 17 days on market in Jun 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
187 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During June 2024, 212 homes were sold in McLean County; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.