Is Mc Lean, IL 61754 a buyer’s or seller’s market?
Mc Lean is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Mc Lean housing market right now
In the three months ending August 31, 2026, 0% of homes in Mc Lean, IL 61754 sold above their list price, the typical home went under contract in 27 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 fell from 50%, homes sold faster (3,904 days then) and the median sale price rose 24% to $159,931. Overall, Mc Lean is more competitive than a year ago, so tougher for buyers.
Within McLean County, homes here sell faster than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Arrowsmith 61722 (100% sold over asking) and Shirley 61772 (100% sold over asking) are even more competitive.
Run the numbers for 61754
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 Mc Lean nearby
Find towns like Mc Lean in other states →Where Mc Lean is
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Questions about Mc Lean real estate
Is Mc Lean a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Mc Lean, IL 61754 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 Mc Lean?
The typical home went under contract in 27 days in the latest three months.
Do homes in Mc Lean sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Mc Lean?
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 Mc Lean?
The median sale price was $159,931 in the three months ending August 31, 2026, about $110 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