Is Normal Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$239,933
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254.4K | $279.9K | +10.0% |
2 Bedrooms | $155K | $181.3K | +17.0% |
3 Bedrooms | $205.5K | $227K | +10.5% |
4 Bedrooms | $285K | $300K | +5.3% |
5+ Bedrooms | $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 | $210K | $239.2K | +13.9% |
Dry Grove Township | $285K | $323.2K | +13.4% |
Normal Township | $215K | $239.9K | +11.6% |
Bloomington City Township | $209.4K | $230.1K | +9.9% |
Normal | $218K | $239.4K | +9.8% |
Housing Supply in Normal Township, IL
How many homes are available in Normal Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
94 | 96 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 43 | 43 | 0.0% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 6 | 6 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 23 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 34 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
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.