Is Bloomington, IL 61704 a buyer’s or seller’s market?

The Bloomington housing market right now

In the three months ending August 31, 2026, 42% of homes in Bloomington, IL 61704 sold above their list price, the typical home went under contract in 39 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 143 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 49%, homes sold more slowly (37 days then) and the median sale price rose 10% to $339,853. Overall, Bloomington is less competitive than a year ago, which gives buyers more room.

Within McLean County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Bloomington ranks #103 of 464 IL ZIP codes with enough sales (score 78 out of 100).

Nearby, buyers who want less competition could look at Towanda 61776 (0% sold over asking) or Mc Lean 61754 (0% sold over asking), while Arrowsmith 61722 (100% sold over asking) and Shirley 61772 (100% sold over asking) are even more competitive.