Is Leland, IL 60531 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Leland is a seller’s market. With about 1.4 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.4Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market57Listing to accepted offer
Median price per sq ft$173▼ −36.5% vs. last year

Nearby markets

Cedar Point 61316Seller’s market $46 /sq ftDana 61321 — /sq ftEarlville 60518Seller’s market $162 /sq ftGrand Ridge 61325 — /sq ft Browse all markets →

No sponsored agents in 60531 yet. Are you an agent here? Put your name in front of local buyers.

More tools for 60531

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology