Bloomington, IL Housing Market & Real Estate Update for Feb. 27, 2026
Bloomington, IL – February 27, 2026 – Home prices rose year-over-year, listings expanded, and sellers still capture near-asking deals as rates hover near 6%.
Market check for Bloomington, IL based on recent MLS-based trend trackers and listing portals. The big picture: prices are still higher than last year, choices for buyers look broader, and deals are generally staying close to asking even as homes take longer to sell.
At-a-glance (recent snapshots)
- Median sale price: $229K in Jan. 2026 (+6.5% YoY).
- Speed + negotiation: 58 median days on market, with sale-to-list around 98%.
- Inventory + rent: For-sale options look broader than a year ago, while rents remain near $1,180/month.
Market snapshot
Recent monthly totals point to a market that’s active but a bit less brisk than last year. Closed sales came in at 50 in Jan. 2026 (down slightly YoY). Active listings were tracked at 216 in Dec. 2025, and the median listing price was about $282K.
Put together, these numbers suggest buyers may be seeing more selection than they did a year ago, while sellers are still often landing near-asking outcomes when pricing and condition align. At the same time, the longer median days on market means the timeline from “listed” to “sold” may require more patience than in faster cycles.
Rentals
Rental visibility remains mixed. In the latest Realtor.com snapshot, 95 rentals were tracked, with a $1,180 median rent and typical marketing time near 56 days. For renters, that combination can mean options exist, but not every listing turns over quickly.
Rates to watch
Freddie Mac’s PMMS showed the 30-year fixed averaging 6.09% (week of Feb. 12, 2026), with the 15-year at 5.44%. If rates keep easing, early-spring buyer activity may pick up first on well-priced, move-in-ready homes.
What are you seeing locally right now: more showings, more price cuts, or homes sitting longer?