Is Arrowsmith, IL 61722 a buyer’s or seller’s market?
Arrowsmith is a seller’s market. With about 3.2 months of supply and 100% 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.
The Arrowsmith housing market right now
In the three months ending August 31, 2026, 100% of homes in Arrowsmith, IL 61722 sold above their list price, the typical home went under contract in 36 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (100% then), homes sold more slowly (1 days then) and the median sale price fell 6% to $169,510. Overall, Arrowsmith is less competitive than a year ago, which gives buyers more room.
Within McLean County, homes here sell faster than in 62% of the county’s ZIP codes, and sell more often over asking than in 95%.
Nearby, buyers who want less competition could look at Towanda 61776 (0% sold over asking) or Mc Lean 61754 (0% sold over asking).
Run the numbers for 61722
Nearby markets
Anchor 61720 $124 /sq ftBellflower 61724Seller’s market $182 /sq ftBloomington 61701Seller’s market $114 /sq ftBloomington 61704Seller’s market $117 /sq ft Browse all markets →Where Arrowsmith is
Loading map…
Questions about Arrowsmith real estate
Is Arrowsmith a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Arrowsmith, IL 61722 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 Arrowsmith?
The typical home went under contract in 36 days in the latest three months.
Do homes in Arrowsmith sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 102.8% of the list price.
What are property taxes in Arrowsmith?
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 Arrowsmith?
The median sale price was $169,510 in the three months ending August 31, 2026, about $114 per square foot.
Local agents
See all agents in 61722 →No sponsored agents in 61722 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61722
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology