Is Shannon, IL 61078 a buyer’s or seller’s market?
Shannon is a seller’s market. With about 0.5 months of supply and 17% 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 supply0.5Under 4 months = seller’s market
Sold above original list16.7%Share of sales, last 3 months
Median sale-to-list97.7%Sold price ÷ list price
Median days on market27Listing to accepted offer
Median price per sq ft$89▲ +30.8% vs. last year
Run the numbers for 61078
Nearby markets
Chadwick 61014Buyer’s market $70 /sq ftLanark 61046Seller’s market $141 /sq ftMilledgeville 61051Balanced $89 /sq ftMount Carroll 61053Balanced $82 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology