Real Estate

With too much space and more remote workers, State Farm said Thursday that it plans to consolidate its workforce into the Corporate South complex in Bloomington and close its Corporate Headquarters and Illinois Operations Center by the end of 2027.

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.

A typical homeowner in Illinois is paying almost $1,000 more per year for home insurance, an increase that also impacts potential homebuyers.

Foreign investors owned about 46 million acres of U.S. farmland in 2023 — which is less than 4% of all American farmland, according to a recent report. The data comes as more states consider limiting foreign ownership of agricultural land.

The 42-acre estate off Route 66 in Lexington has been on the market for nearly a year. Luxury auctioneer Concierge Auctions will collect online bids beginning Aug. 9.

The Normal Township Board has picked a new township aasessor. Kent DePew, who has 30 years of experience in assessor offices, has been deputy assessor in Normal for 21 years and has been a deputy assessor in Bloomington.

A 279-acre property in northwest Normal will soon be even more appealing to commercial buyers looking for a prime spot near Rivian and the interstates.

The Bloomington Planning Commission on Wednesday voted unanimously to advance a plan for a new housing development near Rivian on the community’s far west edge.

Homebuilders in Bloomington-Normal are playing catch up in meeting the growth of the last decade, the more recent expansion of the labor market, and projected future growth.

Bloomington and Normal issued a combined 244 permits for new home construction in 2022. That’s up 51% from the year before, with more building planned for 2023.