Is McLean County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McLean County has remained a Seller's Market.
Housing Prices in McLean County, IL
How much do homes in McLean County, IL cost?
Median Sold Price
$230,869
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McLean County was $230,869 in April 2024, up 10% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $136.5K | +18.7% |
2 Bedrooms | $139.8K | $145.9K | +4.4% |
3 Bedrooms | $198.3K | $211.9K | +6.9% |
4 Bedrooms | $298.9K | $324.5K | +8.5% |
5+ Bedrooms | $300.5K | $280K | -6.8% |
Summary: McLean County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Counties
Piatt County | $180K | $224.9K | +24.9% |
Woodford County | $185K | $219.2K | +18.5% |
De Witt County | $118.2K | $138.5K | +17.1% |
Ford County | $117.4K | $134K | +14.1% |
McLean County | $209.9K | $230.8K | +10.0% |
Housing Supply in McLean County, IL
How many homes are available in McLean County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
477 | 532 | +11.5% |
Summary: The McLean County real estate market had 532 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 3 | -50.0% |
2 Bedrooms | 73 | 86 | +17.8% |
3 Bedrooms | 220 | 243 | +10.5% |
4 Bedrooms | 147 | 165 | +12.2% |
5+ Bedrooms | 31 | 35 | +12.9% |
Summary: The McLean County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 142 | +6.8% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 142 homes were sold or pending in McLean County in April 2024, up by 6.8% month-over-month. Of the 142 sold homes, 36% were sold under asking, 13% were sold at asking, and 51% were sold over asking.
Days on Market for McLean County, IL
How long does it take to sell a home in McLean County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +12.0% |
Summary: Homes in McLean County had an average of 25 days on market in Apr 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 142 homes were sold in McLean County; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.