Is Rapids City, IL 61278 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Rapids City is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list99.9%Share of sales, last 3 months

Median sale-to-list109.1%Sold price ÷ list price

Median days on market3Listing to accepted offer

Median price per sq ft$124

Run the numbers for 61278

Prefilled for 61278Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61278Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Andalusia 61232Balanced $118 /sq ft Carbon Cliff 61239Seller’s market $143 /sq ft Coal Valley 61240Seller’s market $140 /sq ft Cordova 61242Buyer’s market $106 /sq ft Browse all markets →

More tools for 61278

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