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McLean County Times

Tuesday, April 22, 2025

McLean County home valuations rose in January compared to the same period in 2024

Webp realestate4

In January, the median sale price of a home in McLean County rose by $17,500 from the same period in the previous year, while total sales increased by 14.7%, according to BlockShopper.com.

There were 133 homes sold in January, with a median sale price of $210,000 — a 9.1% increase over the $192,500 median sale price during the same period of the previous year. In comparison, 116 homes were sold in McLean County in January 2024.

Based on the latest available data from 2021, the median sales tax in McLean County was $3,980, which stands at 1.9% of January's median home sale price.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in McLean County from January 2024 to January 2025.

January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024September 2024October 2024November 2024December 2024January 2025$192,500$192,500$195,000$195,000$204,500$204,500$224,000$224,000$228,500$228,500$240,000$240,000$237,000$237,000$225,000$225,000$207,500$207,500$219,000$219,000$215,000$215,000$231,000$231,000$210,000$210,000

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