Housing Market Report for McLean County, IL

This housing market report uses absorption rates to track supply and demand for McLean County, IL. With 1.6 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 22, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$250k – $275k

Absorption rate of 2.1, with 0.5 months of inventory.

Coolest Segment ❄️
$1.2m – $1.3m

With 12 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$225k – $250k

19 active listings with 85 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.4 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
25k-50k 5 0.8 0 Seller's
50k-75k 3 3 0.2 6 Balanced
75k-100k 5 15 2 0.5 2 Seller's
100k-125k 7 25 3 0.6 1.7 Seller's
125k-150k 16 34 3 0.4 2.8 Seller's
150k-175k 13 56 8 0.7 1.4 Seller's
175k-200k 16 77 11 0.8 1.2 Seller's
200k-225k 9 59 9 1.1 0.9 Seller's
225k-250k 19 85 15 0.7 1.3 Seller's
250k-275k 6 74 10 2.1 0.5 Seller's
275k-300k 13 68 16 0.9 1.1 Seller's
300k-325k 6 42 3 1.2 0.9 Seller's
325k-350k 5 49 5 1.6 0.6 Seller's
350k-375k 8 42 4 0.9 1.1 Seller's
375k-400k 8 36 2 0.8 1.3 Seller's
400k-425k 5 35 3 1.2 0.9 Seller's
425k-450k 8 23 2 0.5 2.1 Seller's
450k-475k 28 4 4.7 0 Seller's
475k-500k 8 28 1 0.6 1.7 Seller's
500k-550k 7 19 2 0.5 2.2 Seller's
550k-600k 14 18 2 0.2 4.7 Balanced
600k-650k 3 11 3 0.6 1.6 Seller's
650k-700k 3 3 0.2 6 Balanced
700k-750k 1 6 1 1 Seller's
750k-800k 3 4 0.2 4.5 Balanced
800k-850k 5 2 0.8 0 Seller's
850k-900k 2 0
900k-950k 2 2 0.2 6 Balanced
950k-1m 1 1 0.2 6 Balanced
1m-1.1m 1 1 0.2 6 Balanced
1.1m-1.2m 1 0
1.2m-1.3m 2 1 1 0.1 12 Buyer's
1.6m-1.7m 1 0.2 0 Seller's
1.9m-2m 1 0
2.25m-2.5m 1 0

Townhouses

Hottest Segment 🔥
$225k – $250k

Absorption rate of 1.7, with 0.6 months of inventory.

Coolest Segment ❄️
$300k – $325k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$225k – $250k

1 active listings with 10 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.4 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
75k-100k 1 1 0.2 0 Seller's
125k-150k 3 1 0.5 0 Seller's
150k-175k 1 7 1 1.2 0.9 Seller's
175k-200k 2 1 0.3 0 Seller's
200k-225k 1 7 1.2 0.9 Seller's
225k-250k 1 10 2 1.7 0.6 Seller's
250k-275k 2 3 0.3 4 Balanced
275k-300k 2 3 1 0.3 4 Balanced
300k-325k 1 1 0.2 6 Balanced
325k-350k 2 2 0.2 6 Balanced
350k-375k 1 6 1 1 1 Seller's
375k-400k 1 2 0.3 3 Balanced
400k-425k 2 0.3 0 Seller's
450k-475k 1 0.2 0 Seller's

Condos

Hottest Segment 🔥
$225k – $250k

Absorption rate of 1.2, with 0.9 months of inventory.

Coolest Segment ❄️
$400k – $425k

With 4 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$150k – $175k

0 active listings with 9 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
50k-75k 1 0.2 0 Seller's
75k-100k 1 2 0.3 3 Balanced
100k-125k 1 6 1 1 Seller's
125k-150k 2 6 1 0.5 2 Seller's
150k-175k 9 1 1.5 0 Seller's
175k-200k 5 2 0.8 0 Seller's
200k-225k 3 0.5 0 Seller's
225k-250k 1 7 2 1.2 0.9 Seller's
250k-275k 2 8 2 0.7 1.5 Seller's
275k-300k 1 7 1 1.2 0.9 Seller's
300k-325k 5 1 0.8 0 Seller's
325k-350k 1 6 1 1 1 Seller's
350k-375k 1 7 1 1.2 0.9 Seller's
375k-400k 1 4 0.7 1.5 Seller's
400k-425k 2 3 0.3 4 Balanced
450k-475k 1 0.2 0 Seller's

Land

Hottest Segment 🔥
$0 – $25k

Absorption rate of 0.5, with 2 months of inventory.

Coolest Segment ❄️
$75k – $100k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$50k – $75k

11 active listings with 24 sold in the last 6 months.

Market Overview
All Segments

Supply and demand are roughly in balance at 5.8 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
0-25k 3 9 0.5 2 Seller's
25k-50k 13 15 4 0.2 5.2 Balanced
50k-75k 11 24 2 0.4 2.8 Seller's
75k-100k 11 11 1 0.2 6 Balanced
100k-125k 6 0
125k-150k 1 1 0.2 6 Balanced
175k-200k 3 0
225k-250k 1 1 0.2 6 Balanced
250k-275k 1 1 0.2 0 Seller's
350k-375k 1 0
375k-400k 1 0
400k-425k 1 0.2 0 Seller's
500k-550k 1 1 0.2 6 Balanced
550k-600k 2 0
650k-700k 2 0
950k-1m 1 1 0.2 6 Balanced
1.3m-1.4m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
4.5m-5m 1 0