Mid-Illinois Realtors Association

In association with the Mid-Illinois Realtors Association, the City of Bloomington and Town of Normal will offer the fair to bring to residents a network of community organizations related to housing and wellness.

Bloomington-Normal home sales declined last year, though there are a couple positive signs. The Mid-Illinois Realtors Association said home sales were down 5.9% in 2025.

If you’ve tried to buy a home recently in Bloomington-Normal, you already know that it’s a sellers’ market. But there are signs that demand from buyers is softening – even as prices keep climbing.

Patrick Hoban painted an alarming picture about the future of Bloomington’s housing market Tuesday as Bloomington City Council members examined how to address a significant residential shortage.

The average price of an existing home sold in Bloomington-Normal this year is $274,895. That's up 44% since 2020.

McLean County's housing shortage has been ongoing for years. By end of June, City Manager Jeff Jurgens said Bloomington hopes to have a “concrete plan” that “the council can act on.”

Home sales fell nearly 20% in Bloomington-Normal last year, according to new data from the Mid-Illinois Realtors Association.

The pace of home sales in Bloomington-Normal is down 15.6% so far in 2023. But prices are up, on average, 6.5%.

The Mid-Illinois Realtors Association (MIRA) will host its inaugural Fair Housing Affair from noon to 3 p.m. Sunday at the YWCA McLean County.

The frenzied Bloomington-Normal housing market has cooled off, though a local Realtors group says rapidly rising prices might not level off until the middle of 2023.