Is Bloomington, IN 47401 a buyer’s or seller’s market?
Bloomington is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 12% of U.S. ZIP codes, and #301 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Bloomington housing market right now
In the three months ending August 31, 2026, 8% of homes in Bloomington, IN 47401 sold above their list price, the typical home went under contract in 63 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 173 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold more slowly (58 days then) and the median sale price fell 1% to $364,592. Overall, Bloomington is about as competitive as it was a year ago.
Within Monroe County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Bloomington ranks #301 of 306 IN ZIP codes with enough sales (score 19 out of 100).
Nearby, Unionville 47468 (17% sold over asking) and Ellettsville 47429 (15% sold over asking) are even more competitive.
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Nearby markets
Bloomington 47403Balanced $185 /sq ftBloomington 47404Balanced $191 /sq ftBloomington 47408Balanced $188 /sq ftEllettsville 47429Balanced $179 /sq ft Browse all markets →Towns like Bloomington nearby
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Questions about Bloomington real estate
Is Bloomington a buyer’s or seller’s market?
A balanced market: there were 5.1 months of supply in Bloomington, IN 47401 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Bloomington?
The typical home went under contract in 63 days in the latest three months.
Do homes in Bloomington sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Bloomington?
About 0.71% of a home’s value a year in Monroe County, or roughly $2,840 on a $400,000 home.
What is the median home price in Bloomington?
The median sale price was $364,592 in the three months ending August 31, 2026, about $191 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology