Is Donovan, IL 60931 a buyer’s or seller’s market?
Donovan is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Donovan housing market right now
In the three months ending August 31, 2026, 0% of homes in Donovan, IL 60931 sold above their list price, the typical home went under contract in 40 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 (16 days then) and the median sale price rose 81% to $184,920. Overall, Donovan is less competitive than a year ago, which gives buyers more room.
Within Iroquois County, homes here sell faster than in 85% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Buckley 60918 (50% sold over asking) and Milford 60953 (50% sold over asking) are even more competitive.
Run the numbers for 60931
Nearby markets
Ashkum 60911Seller’s market $91 /sq ftBeaverville 60912 — /sq ftBuckley 60918Buyer’s market $78 /sq ftCissna Park 60924Balanced $94 /sq ft Browse all markets →Where Donovan is
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Questions about Donovan real estate
Is Donovan a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Donovan, IL 60931 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Donovan?
The typical home went under contract in 40 days in the latest three months.
Do homes in Donovan sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Donovan?
About 1.82% of a home’s value a year in Iroquois County, or roughly $7,280 on a $400,000 home.
What is the median home price in Donovan?
The median sale price was $184,920 in the three months ending August 31, 2026, about $122 per square foot.
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More tools for 60931
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology