Is Newark, IL 60541 a buyer’s or seller’s market?

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

Newark is a seller’s market. With about 1.8 months of supply and 29% 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 supply1.8Under 4 months = seller’s market

Sold above original list28.6%Share of sales, last 3 months

Median sale-to-list101.1%Sold price ÷ list price

Median days on market52Listing to accepted offer

Median price per sq ft$242▲ +24.1% vs. last year

Run the numbers for 60541

Prefilled for 60541Can I win this house?Multiple-offer likelihood for a listing Prefilled for 60541Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bristol 60512Balanced $239 /sq ft Minooka 60447Seller’s market $179 /sq ft Montgomery 60538Seller’s market $207 /sq ft Oswego 60543Seller’s market $206 /sq ft Browse all markets →

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