Is Grant Park, IL 60940 a buyer’s or seller’s market?
Grant Park is a seller’s market. With about 2.5 months of supply and 11% 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 Grant Park housing market right now
In the three months ending August 31, 2026, 11% of homes in Grant Park, IL 60940 sold above their list price, the typical home went under contract in 61 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (37 days then) and the median sale price rose 68% to $393,830. Overall, Grant Park is more competitive than a year ago, so tougher for buyers.
Within Kankakee County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 83%.
Nearby, buyers who want less competition could look at Pembroke Township 60958 (0% sold over asking) or Essex 60935 (0% sold over asking), while Chebanse 60922 (60% sold over asking) and Bradley 60915 (55% sold over asking) are even more competitive.
Run the numbers for 60940
Nearby markets
Aroma Park 60910Seller’s market $153 /sq ftBonfield 60913 $156 /sq ftBourbonnais 60914Seller’s market $175 /sq ftBradley 60915Seller’s market $176 /sq ft Browse all markets →Towns like Grant Park nearby
Find towns like Grant Park in other states →Where Grant Park is
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Questions about Grant Park real estate
Is Grant Park a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Grant Park, IL 60940 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 Grant Park?
The typical home went under contract in 61 days in the latest three months.
Do homes in Grant Park sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Grant Park?
About 2.21% of a home’s value a year in Kankakee County, or roughly $8,840 on a $400,000 home.
What is the median home price in Grant Park?
The median sale price was $393,830 in the three months ending August 31, 2026, about $163 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