Is Normal Township, 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, Normal Township has remained a Seller's Market.
Housing Prices in Normal Township, IL
How much do homes in Normal Township, IL cost?
Median Sold Price
$250,250
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Normal Township was $250,250 in June 2024, up 14.8% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279.9K | $310.4K | +10.9% |
2 Bedrooms | $152.5K | $185K | +21.3% |
3 Bedrooms | $214.3K | $231.5K | +8.0% |
4 Bedrooms | $276K | $325K | +17.8% |
5+ Bedrooms | $240K | $242.5K | +1.0% |
Summary: Normal Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Normal Township | $217.9K | $250.2K | +14.8% |
Normal | $220K | $250.2K | +13.7% |
Bloomington | $223.9K | $241.8K | +8.0% |
Bloomington City Township | $220K | $235K | +6.8% |
Housing Supply in Normal Township, IL
How many homes are available in Normal Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
165 | 166 | +0.6% |
Summary: The Normal Township real estate market had 166 homes for sale in June 2024, a 0.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 24 | -11.1% |
3 Bedrooms | 85 | 86 | +1.2% |
4 Bedrooms | 44 | 45 | +2.3% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Normal Township 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 decreased by 11.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
45 | 62 | +37.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Normal Township in June 2024, up by 37.8% month-over-month. Of the 62 sold homes, 16% were sold under asking, 18% were sold at asking, and 66% were sold over asking.
Days on Market for Normal Township, IL
How long does it take to sell a home in Normal Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
9 Days | 10 Days | +8.9% |
Summary: Homes in Normal Township had an average of 10 days on market in Jun 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 62 homes were sold in Normal Township; 95% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.