Home Values

Normal Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$147,100

  • -0.5% 1-year change
  • 3.3% 1-year forecast

The median home value in Normal is $147,100. Normal home values have declined -0.5% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Normal is $78, which is lower than the Bloomington Metro average of $97. The median price of homes currently listed in Normal is $164,900 while the median price of homes that sold is $161,600. The median rent price in Normal is $825, which is the same as the Bloomington Metro median of $825.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Normal is 1.7%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Normal homeowners underwater on their mortgage is 11.3%.

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Relative ZHVI
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Normal Market Overview

Data through Feb 28, 2015
  • $147,100 ZHVI
  • 3.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $164,900 Median listing price
  • $161,600 Median sale price (Jan 31, 2015)
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Normal Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 11.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 1.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $516,700
New York Metro $369,400
Washington Metro $347,500
Name Median ZHVI
Philadelphia Metro $192,100
Miami-Fort Lauderdale Metro $190,300
Chicago Metro $178,500
Name Median ZHVI
Houston Metro $154,700
Dallas-Fort Worth Metro $143,900
Atlanta Metro $140,300

Listings & Sales

Data through Feb 28, 2015
  • $78 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 18.6% Listings with price cut
40.9%
Sold below listing
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Normal Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,227 Normal
    $1,172 Bloomington Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $825 Rent list price
  • $0.68 Rent list price / sq ft
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