Is Normal Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Normal Township has remained a Seller's Market.
Housing Prices in Normal Township, IL
How much do homes in Normal Township, IL cost?
Median Sold Price
$250,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Normal Township was $250,000 in May 2024, up 16% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254.4K | $310.4K | +22.0% |
2 Bedrooms | $147.2K | $170K | +15.4% |
3 Bedrooms | $213.2K | $231.1K | +8.4% |
4 Bedrooms | $271K | $318K | +17.3% |
5+ Bedrooms | $240K | $235K | -2.1% |
Summary: Normal Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.5K | $250K | +16.0% |
Dry Grove Township | $287.5K | $332.2K | +15.6% |
Normal | $220K | $250K | +13.6% |
Bloomington | $220K | $240.1K | +9.1% |
Bloomington City Township | $219.3K | $233K | +6.2% |
Housing Supply in Normal Township, IL
How many homes are available in Normal Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 159 | +21.4% |
Summary: The Normal Township real estate market had 159 homes for sale in May 2024, a 21.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 66 | 80 | +21.2% |
4 Bedrooms | 36 | 43 | +19.4% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Normal Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Normal Township in May 2024, up by 32.3% month-over-month. Of the 41 sold homes, 34% were sold under asking, 20% were sold at asking, and 46% were sold over asking.
Days on Market for Normal Township, IL
How long does it take to sell a home in Normal Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 42 Days | +57.5% |
Summary: Homes in Normal Township had an average of 42 days on market in May 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Normal Township; 88% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.