Is Coal City, IL 60416 a buyer’s or seller’s market?

The Coal City housing market right now

In the three months ending August 31, 2026, 28% of homes in Coal City, IL 60416 sold above their list price, the typical home went under contract in 51 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 30 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 42%, homes sold more slowly (42 days then) and the median sale price held steady to $289,775. Overall, Coal City is less competitive than a year ago, which gives buyers more room.

Within Grundy County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Coal City ranks #328 of 464 IL ZIP codes with enough sales (score 56 out of 100).

Nearby, buyers who want less competition could look at South Wilmington 60474 (0% sold over asking) or Mazon 60444 (13% sold over asking), while Braceville 60407 (60% sold over asking) and Verona 60479 (50% sold over asking) are even more competitive.