Is Normal, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Normal has remained a Seller's Market.
Housing Prices in Normal, IL
How much do homes in Normal, IL cost?
Median Sold Price
$241,750
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Normal was $241,750 in April 2024, up 10.6% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $289.9K | +20.8% |
2 Bedrooms | $147.2K | $170K | +15.4% |
3 Bedrooms | $210K | $230.8K | +9.9% |
4 Bedrooms | $290K | $300K | +3.4% |
5+ Bedrooms | $236.8K | $235K | -0.8% |
Summary: Normal housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.2K | $241.8K | +12.4% |
Bloomington | $216.2K | $241.3K | +11.6% |
Normal | $218.5K | $241.7K | +10.6% |
Bloomington City Township | $215.1K | $232.5K | +8.1% |
Housing Supply in Normal, IL
How many homes are available in Normal, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 129 | +8.4% |
Summary: The Normal real estate market had 129 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 56 | 65 | +16.1% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Normal housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 29 | -31.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Normal in April 2024, down by 31.0% month-over-month. Of the 29 sold homes, 28% were sold under asking, 17% were sold at asking, and 55% were sold over asking.
Days on Market for Normal, IL
How long does it take to sell a home in Normal, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 47 Days | +92.4% |
Summary: Homes in Normal had an average of 47 days on market in Apr 2024, up by 92.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Normal; 86% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.