Is Warren, IL 61087 a buyer’s or seller’s market?
Warren is a seller’s market. With about 1.1 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.
The Warren housing market right now
In the three months ending August 31, 2026, 17% of homes in Warren, IL 61087 sold above their list price, the typical home went under contract in 44 days and there were 1.1 months of supply. Under three months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (2 days then) and the median sale price rose 9% to $146,936. Overall, Warren is less competitive than a year ago, which gives buyers more room.
Within Jo Daviess County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 57%.
Nearby, buyers who want less competition could look at Scales Mound 61075 (0% sold over asking) or Elizabeth 61028 (0% sold over asking), while Hanover 61041 (33% sold over asking) is even more competitive.
Run the numbers for 61087
Nearby markets
Apple River 61001Seller’s market $182 /sq ftEast Dubuque 61025Seller’s market $126 /sq ftElizabeth 61028Buyer’s market $118 /sq ftGalena 61036Balanced $178 /sq ft Browse all markets →Questions about Warren real estate
Is Warren a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Warren, IL 61087 in the three months ending August 31, 2026. Under three months usually favors sellers, and six or more favors buyers.
How fast do homes sell in Warren?
The typical home went under contract in 44 days in the latest three months.
Do homes in Warren sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Warren?
About 1.72% of a home’s value a year in Jo Daviess County, or roughly $6,880 on a $400,000 home.
What is the median home price in Warren?
The median sale price was $146,936 in the three months ending August 31, 2026, about $83 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology