Market Intelligence · IN / Bloomington

Bloomington, IN 47408 Housing Market

The typical home value in Bloomington 47408 is $338,636, up 2.3% over the past year. Homes are listed at a median price of $417,225 and spend 84 days on the market before selling.

Updated September 2026Median value$339K

The median home value in Bloomington, IN 47408 is $339K as of September 2026, up 2.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 47408 range

$312K to $366K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.3% over 12 months

Sep 2025$331K

Low $331KHigh $343K

Sep 2026$339K

The numbers

What is the 47408 housing market like?

As of September 2026

Typical home value

$339K

2.3%YoY

Median list price

$417K

1.0%MoM

Days on market

5.0%MoM

Homes for sale

6.3%MoM

Price cuts

16.2%

2.5%MoM

New listings

66.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

47408 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 47408 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 47408 rose 2.3%, per the Zillow Home Value Index.

Will home prices drop in 47408?

Zillow's forecast does not call for a drop: it expects typical home values in 47408 to rise 1.8% by September 2027, after a 2.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 47408 home prices compare?

47408$338,636
Bloomington$324,751
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Bloomington: 4 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

The market in this ZIP shows mixed signals. With 51 homes for sale and 20 new listings as of September 2026, there is modest inventory. The 84-day median time on market suggests homes are not moving quickly. About 16.2% of listings have seen price cuts, which indicates some sellers are adjusting to buyer demand. If you are considering selling, expect that homes take time to move and you may need flexibility on pricing.

Monthly payment

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Home price

Down payment20% · $67,727

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Common questions

What people ask us.

What is the typical home value in Bloomington 47408?

The typical home value is $338,636, which is up 2.3% over the past year as of September 2026.

How long do homes typically stay on the market?

Homes in this ZIP spend a median of 84 days on the market before selling.

What is the median list price?

The median list price is $417,225 as of September 2026.

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