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Is Lena, IL 61048 a buyer’s or seller’s market?

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

Lena is a seller’s market. With about 3.2 months of supply and 25% 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 supply3.2Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list100.4%Sold price ÷ list price
Median days on market6Listing to accepted offer
Median price per sq ft$118▼ −5.3% vs. last year

Run the numbers for 61048

Prefilled for 61048Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61048Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cedarville 61013 — /sq ftDakota 61018 — /sq ftDavis 61019Seller’s market $114 /sq ftFreeport 61032Seller’s market $91 /sq ft Browse all markets →

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