Inventory in Iroquois County has been building, with about 150 active listings in September and an 8 to 9 percent increase from last year. Months of supply has climbed to 6.2, up sharply year over year and well above the 2.9 months seen across Illinois, pointing to a more balanced to buyer-leaning environment locally. Contract activity shows 32 homes going under contract in September, a solid month-over-month rise even as closed sales slipped to 21, down significantly from a year ago.
Pricing has been reacting to these shifting dynamics in a nuanced way. The typical home value is up strongly from last year by nearly 55 percent, yet the median list price has edged down slightly year over year, suggesting sellers are tempering asking prices even as closed values trend higher. On average, homes are selling for about 95 percent of list price, and only about 15 percent are closing above asking, which is a smaller share than a year earlier and signals more room for negotiation.
Homes are generally taking longer to sell, with the median days on market stretching to 92 days, rising more than 25 percent compared with last year. That slower pace, combined with higher inventory, gives buyers more options and time, while sellers need careful pricing strategies to stand out. Agent Pronto can connect both buyers and sellers with a knowledgeable local agent who understands these trends and can guide each side through this evolving market.
