Is Bloomington, IN 47404 a buyer’s or seller’s market?

The Bloomington housing market right now

In the three months ending August 31, 2026, 7% of homes in Bloomington, IN 47404 sold above their list price, the typical home went under contract in 64 days and there were 4.1 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 95 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (56 days then) and the median sale price fell 2% to $324,859. Overall, Bloomington is less competitive than a year ago, which gives buyers more room.

Within Monroe County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Bloomington ranks #298 of 306 IN ZIP codes with enough sales (score 20 out of 100).

Nearby, Unionville 47468 (17% sold over asking) and Ellettsville 47429 (15% sold over asking) are even more competitive.