Is Normal, IL 61761 a buyer’s or seller’s market?
Normal is a seller’s market. With about 1.4 months of supply and 46% 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 85% of U.S. ZIP codes, and #77 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 Normal housing market right now
In the three months ending August 31, 2026, 46% of homes in Normal, IL 61761 sold above their list price, the typical home went under contract in 40 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 193 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold about as fast and the median sale price rose 6% to $292,623. Overall, Normal is less competitive than a year ago, which gives buyers more room.
Within McLean County, homes here sell more slowly than in 52% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Normal ranks #77 of 464 IL ZIP codes with enough sales (score 80 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 61761
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 Normal nearby
Find towns like Normal in other states →Where Normal is
Loading map…
Questions about Normal real estate
Is Normal a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Normal, IL 61761 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 Normal?
The typical home went under contract in 40 days in the latest three months.
Do homes in Normal sell over asking?
46% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in Normal?
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 Normal?
The median sale price was $292,623 in the three months ending August 31, 2026, about $122 per square foot.
Local agents
See all agents in 61761 →No sponsored agents in 61761 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61761
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology