Is Hoopeston, IL 60942 a buyer’s or seller’s market?

The Hoopeston housing market right now

In the three months ending August 31, 2026, 9% of homes in Hoopeston, IL 60942 sold above their list price, the typical home went under contract in 44 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 24 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold more slowly (8 days then) and the median sale price fell 15% to $93,959. Overall, Hoopeston is less competitive than a year ago, which gives buyers more room.

Within Vermilion County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Hoopeston ranks #454 of 464 IL ZIP codes with enough sales (score 25 out of 100).

Nearby, buyers who want less competition could look at Sidell 61876 (0% sold over asking) or Potomac 61865 (0% sold over asking), while Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.