Is Downs, IL 61736 a buyer’s or seller’s market?
Downs is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Downs housing market right now
In the three months ending August 31, 2026, 40% of homes in Downs, IL 61736 sold above their list price, the typical home went under contract in 36 days and there were 5.1 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. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (69 days then) and the median sale price fell 41% to $259,888. Overall, Downs is more competitive than a year ago, so tougher for buyers.
Within McLean County, homes here sell faster than in 62% of the county’s ZIP codes, and sell more often over asking than in 67%.
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 61736
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 Downs nearby
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Questions about Downs real estate
Is Downs a buyer’s or seller’s market?
A balanced market: there were 5.1 months of supply in Downs, IL 61736 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 Downs?
The typical home went under contract in 36 days in the latest three months.
Do homes in Downs sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Downs?
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 Downs?
The median sale price was $259,888 in the three months ending August 31, 2026, about $148 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