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 February 2023

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.

Housing Prices in Normal Township, IL

How much do homes in Normal Township, IL cost?

Median Sold Price

$239,933

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,927(+11.6%)

Key Takeaway

Homes in Normal Township have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Normal Township was $239,933 in February 2024, up 11.6% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $254.4K$279.9K
+10.0%
2 $155K$181.3K
+17.0%
3 $205.5K$227K
+10.5%
4 $285K$300K
+5.3%
5+ $236K$237.5K
+0.6%

Summary: Normal Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Bloomington
+13.9%
Dry Grove Township
+13.4%
Normal Township
+11.6%
Bloomington City Township
+9.9%
Normal
+9.8%

Housing Supply in Normal Township, IL

How many homes are available in Normal Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9496+2.1%

Summary: The Normal Township real estate market had 96 homes for sale in February 2024, a 2.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2118
-14.3%
3 4343
0.0%
4 2328
+21.7%
5+ 66
0.0%

Summary: The Normal Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2623-11.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 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. 52.2% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Normal Township in February 2024, down by 11.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% 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

Feb 2023Feb 2024CHANGE
32 Days34 Days+6.5%

Summary: Homes in Normal Township had an average of 34 days on market in Feb 2024, up by 6.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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.

Summary: During February 2024, 23 homes were sold in Normal Township; 74% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 17% 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 2 Days Ago

Newest Listings in Normal Township, IL

Nearby Markets to Normal Township, IL

What housing markets are near Normal Township, IL?