Is Leland, IL 60531 a buyer’s or seller’s market?

The Leland housing market right now

In the three months ending August 31, 2026, 14% of homes in Leland, IL 60531 sold above their list price, the typical home went under contract in 57 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 33%, homes sold more slowly (55 days then) and the median sale price fell 28% to $286,876. Overall, Leland is less competitive than a year ago, which gives buyers more room.

Within LaSalle County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 65%.

Nearby, buyers who want less competition could look at Wenona 61377 (0% sold over asking) or Utica 61373 (0% sold over asking), while Millington 60537 (100% sold over asking) and Sheridan 60551 (60% sold over asking) are even more competitive.