How is the local housing market?

By:  Diane Benjamin

The house pics below are from Zillow.  Some of the addresses are not in the County database, I’m sure if I asked the Assessor’s office they would find them for me, I’m not that interested.

Zillow:    https://www.zillow.com/homes/recently_sold/Bloomington-IL/23742_rid/1_pnd/40.650168,-88.687134,40.319064,-89.272843_rect/10_zm/

The property histories can all be looked up on the County website:    http://mcleanil.devnetwedge.com/

ReMax Rising has MANY houses listed for sale –  all price ranges have properties that have been on the market more than 60 days:  Source

I’ve heard lots of houses have been listed this week.

It’s not easy to keep track of the market.  Some houses are selling for less than purchase price, some are selling over.  Realtors know the market, maybe one can fill us in – without the spin.

Purchased for $389.900, sold for $335,000

 

 

 

 

Purchased for $229,900, sold for $210,000

 

 

 

 

Purchased for $200,000, sold for $223,000

 

 

 

 

Purchased for $137,500, sold for $153,500
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Comments

  1. old stanky says:

    1407 Plantation Ln., in Bloomington??? How dare they? Quick! Change the name before some snowflake is triggered and starts freaking out! Oh, the humanity!

    Like

  2. I’d have to say the HIGH end market is flat, or in other words, you probably have a better chance of selling sand to an Arab..

    Like

  3. Recently spoke to someone in the local mortgage industry. Apparently, there is a market for homes up to $250K. They will sell faster. Interest is relatively low @5%. The high end properties have very few buyers with a lot of stock.

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  4. The best measure of the strength of a housing market is new home construction, which, as an industry, is dead and buried in BloNo. How many new homes do you see being built in town?

    Like

  5. Tari Loves Taxes says:

    I’ve had my house listed over the past 2 years. Started out at $447,000 and just pulled it off the market at a list price of $349,000. Not one offer over the 2 year period. I paid $362,000 for it and invested over $100,000 in additions/improvements. The market stinks once you cross the $275,000 list price. The biggest impact is property taxes. Once you cross the $300K mark, your monthly real estate taxes are as much, if not more, than the house payment….

    Like

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