Is Bloomington, IL 61705 a buyer’s or seller’s market?
Bloomington is a seller’s market. With about 2.7 months of supply and 34% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 62% of U.S. ZIP codes, and #301 of 464 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, 34% of homes in Bloomington, IL 61705 sold above their list price, the typical home went under contract in 52 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 73 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (33% then), homes sold faster (56 days then) and the median sale price fell 2% to $433,313. Overall, Bloomington is about as competitive as it was a year ago.
Within McLean County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell more often over asking than in 52%. On our competition score, Bloomington ranks #301 of 464 IL ZIP codes with enough sales (score 60 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.
Run the numbers for 61705
Nearby markets
Anchor 61720 $124 /sq ftArrowsmith 61722Seller’s market $114 /sq ftBellflower 61724Seller’s market $182 /sq ftBloomington 61701Seller’s market $114 /sq ft Browse all markets →Towns like Bloomington nearby
Find towns like Bloomington in other states →Where Bloomington is
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Questions about Bloomington real estate
Is Bloomington a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Bloomington, IL 61705 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 52 days in the latest three months.
Do homes in Bloomington sell over asking?
34% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What are property taxes in Bloomington?
About 2.17% of a home’s value a year in McLean County, or roughly $8,680 on a $400,000 home.
What is the median home price in Bloomington?
The median sale price was $433,313 in the three months ending August 31, 2026, about $140 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