Is Bloomington, IN 47408 a buyer’s or seller’s market?

The Bloomington housing market right now

In the three months ending August 31, 2026, 10% of homes in Bloomington, IN 47408 sold above their list price, the typical home went under contract in 68 days and there were 4.5 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 49 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (52 days then) and the median sale price held steady to $385,833. Overall, Bloomington is about as competitive as it was a year ago.

Within Monroe County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 60%. On our competition score, Bloomington ranks #300 of 306 IN ZIP codes with enough sales (score 19 out of 100).

Nearby, buyers who want less competition could look at Bloomington 47404 (7% sold over asking) or Bloomington 47401 (8% sold over asking), while Unionville 47468 (17% sold over asking) and Ellettsville 47429 (15% sold over asking) are even more competitive.