Mid-Illinois Realtors Association

With the passage of the 21st Century ROAD to Housing Act, Congress approved the first major housing legislation in three decades. Illinois housing experts react to what that means for Central Illinois.

The City of Bloomington will get help from the public service arm of a realtors organization to revitalize several west side neighborhoods. The Counselors of Real Estate Consulting Corps will send a team to survey a broad batch of community stakeholders and write a proposal.

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%.