Is Loda, IL 60948 a buyer’s or seller’s market?

The Loda housing market right now

In the three months ending August 31, 2026, 25% of homes in Loda, IL 60948 sold above their list price, the typical home went under contract in 71 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 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 18%, homes sold faster (99 days then) and the median sale price fell 12% to $215,807. Overall, Loda is more competitive than a year ago, so tougher for buyers.

Within Iroquois County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell more often over asking than in 87%.

Nearby, buyers who want less competition could look at Woodland 60974 (0% sold over asking) or Wellington 60973 (0% sold over asking), while Buckley 60918 (50% sold over asking) and Milford 60953 (50% sold over asking) are even more competitive.