Is Paxton, IL 60957 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Paxton is a seller’s market. With about 1.7 months of supply and 15% 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.

Competition score43/ 100

More competitive than 42% of U.S. ZIP codes, and #407 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.7Under 4 months = seller’s market
Sold above original list14.8%Share of sales, last 3 months
Median sale-to-list96.6%Sold price ÷ list price
Median days on market43Listing to accepted offer
Median price per sq ft$98▼ −4.1% vs. last year

The Paxton housing market right now

In the three months ending August 31, 2026, 15% of homes in Paxton, IL 60957 sold above their list price, the typical home went under contract in 43 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 34%, homes sold about as fast and the median sale price rose 12% to $154,933. Overall, Paxton is less competitive than a year ago, which gives buyers more room.

Within Ford County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Paxton ranks #407 of 464 IL ZIP codes with enough sales (score 43 out of 100).

Nearby, buyers who want less competition could look at Sibley 61773 (0% sold over asking) or Roberts 60962 (0% sold over asking), while Cabery 60919 (50% sold over asking) and Melvin 60952 (50% sold over asking) are even more competitive.

Nearby markets

Cabery 60919Balanced $65 /sq ftElliott 60933 — /sq ftGibson City 60936Seller’s market $146 /sq ftKempton 60946 — /sq ft Browse all markets →

Where Paxton is

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Questions about Paxton real estate

Is Paxton a buyer’s or seller’s market?

A seller’s market: there were 1.7 months of supply in Paxton, IL 60957 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 Paxton?

The typical home went under contract in 43 days in the latest three months.

Do homes in Paxton sell over asking?

15% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.

What are property taxes in Paxton?

About 2.12% of a home’s value a year in Ford County, or roughly $8,480 on a $400,000 home.

What is the median home price in Paxton?

The median sale price was $154,933 in the three months ending August 31, 2026, about $98 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