Mclean County, IL Home Values & Market Trends

The median home price in Mclean County, IL is $216,693.11. There were 2,714 home sales in Mclean County, IL over the past 12 months. The median residential Mclean County, IL home value for transactions over the previous year is $188,366.358. The number of current listings in Mclean County, IL is 257, and the percentage of properties for sale is 257.00%. The county has 132 foreclosures, 8 bank owned properties, 13 headed for auction, and 257 properties for sale.

Mclean County, IL Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Bloomington

$ 227,836

$ 93/sqft

Danvers

$ 278,400

$ 79/sqft

Normal

$ 235,125

$ 93/sqft

Bellflower

$ 112,585

$ 70/sqft

Lexington

$ 154,453

$ 71/sqft

Gridley

$ 181,818

$ 82/sqft

Le Roy

$ 193,971

$ 76/sqft

Stanford

$ 112,097

$ 92/sqft

Downs

$ 454,460

$ 106/sqft

Anchor

$ 97,784

$ 81/sqft

Hudson

$ 279,216

$ 93/sqft

Chenoa

$ 131,225

$ 114/sqft

Towanda

$ 282,179

$ 96/sqft

Colfax

$ 48,504

$ 34/sqft

Heyworth

$ 283,752

$ 133/sqft

Cooksville

$ --

$ --

Carlock

$ 179,933

$ 84/sqft

Arrowsmith

$ --

$ --

Saybrook

$ 137,950

$ 80/sqft

Cropsey

$ --

$ --

Mc Lean

$ 84,736

$ 64/sqft

Shirley

$ --

$ --

Ellsworth

$ 106,443

$ 72/sqft

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Housing Market Summary for Mclean County, IL

Apr 2023March 2024Change
Median Listing Price$172K$205.2K19.31%
Median Sold Price$189.8K$205.2K8.13%
Homes For Sale290237-18.28%
Homes Sold1,4741,4870.88%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Mclean County, IL

Mclean County, IL home values range from $20,016 to $17,556,082. Downs is the priciest city with a median listing home price of $326,950, and Anchor is most affordable with average house prices of around $29,900.

Foreclosure
There are 23 cities within Mclean County, IL; within these cities, the median estimated home value for homes in foreclosure ranges from $580,911 in Bloomington to the lowest value of $59,208 in Bloomington. Foreclosure homes account for 0.00% of properties in Mclean County, IL with Bloomington containing 64 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.22% of all residential properties in Mclean County, IL with Bloomington containing 51 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 23 cities within Mclean County, IL; of those cities, the estimated home value for pre-foreclosure homes ranges from $674,243 in Carlock to the lowest home value of $59,208 in Bloomington.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Mclean County, IL ranges from the highest value of $241,821 in Normal to the lowest value of $64,486 in Bloomington. Bank owned homes and properties account for 0.02% of properties in Mclean County, IL. There are 23 cities within Mclean County, IL; Bloomington containing 4 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Bloomington has 9 auction properties, the highest number of properties going to auction in a single city in the state of Mclean County, IL. Auction homes and other auction properties account for 0.03% of all properties in Mclean County, IL. There are 23 cities within Mclean County, IL; of those cities, the median estimated home value for homes going to auction ranges from $758,169 in Ellsworth to the lowest value of $78,840 in Ellsworth.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.52% of residential properties in Mclean County, IL with Bloomington containing 144 homes for sale, the highest number of listed properties in a single city. There are 23 cities within Mclean County, IL; homes for sale in those cities, have a range of median values from $470,552 in Hudson to the lowest value of $39,634 in Bloomington.
    Sold Homes
    The median value for recently sold homes ranges from $150,315 in Cropsey to the lowest price of $20,016 in Cropsey. There are 23 cities within Mclean County, IL. Bloomington has 811 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.01% of properties in Mclean County, IL.

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      Guide for Mclean County, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports
      Anchorage Real Estate Market Report April 2024
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.

      Anchorage Real Estate Market Report April 2024
      Market Reports|posted 17 April 2024

      An examination of the real estate market in Anchorage, Alaska, comparing property values, sales trends, and foreclosure rates with nearby cities to provide a comprehensive understanding of regional market trends.

      Recently Listed Homes Mclean County, IL

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