Is Normal Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Normal Township is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Normal Township, IL cost?

Median Sold Price

$209,677

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$29,597(+16.4%)

Key Takeaway

Homes in Normal Township have sold for 16.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $300K$254.4K
-15.2%
2 $128.8K$152.5K
+18.4%
3 $170K$203K
+19.4%
4 $226.5K$271K
+19.6%
5+ $223K$231.8K
+4.0%

Median Sold Price Compared To Nearby Cities

Normal Township
+16.4%
Normal
+15.1%
Bloomington City Township
+12.6%
Bloomington
+12.5%

How many homes are available in Normal Township, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
170155-8.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 2824
-14.3%
3 8181
0.0%
4 6049
-18.3%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
5654-3.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Normal Township, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
9 Days13 Days+41.1%

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Normal Township 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 Normal Township, IL

Number of homes for sale in Normal Township, IL real estate market have reached 155. The number of homes for sale in Normal Township, IL decreased by 8.8% between September 2022 and October 2022. Listings spent 13 days on the market in October 2022, and had a median list price of $209,677 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties decreased by 15.2%, prices of 2 bedrooms properties went up by 18.4%, 3 bedrooms properties prices increased by 19.4%, prices of 4 bedrooms properties went up by 19.6%, prices of 5 bedrooms properties increased by 4%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 14.3%, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes decreased by 18.3%, volume of 5 bedrooms homes stayed the same. While more than 32 listings in Normal Township, IL in October 2022 were sold above asking price, there were more than 10 listings sold at asking price, and more than 12 were sold below.

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