Is Rankin, IL 60960 a buyer’s or seller’s market?
Rankin is a seller’s market. With about 1.6 months of supply and 100% 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 Rankin housing market right now
In the three months ending August 31, 2026, 100% of homes in Rankin, IL 60960 sold above their list price, the typical home went under contract in 45 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 (14 days then) and the median sale price rose 100% to $179,972. Overall, Rankin is more competitive than a year ago, so tougher for buyers.
Within Vermilion County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 94%.
Nearby, buyers who want less competition could look at Sidell 61876 (0% sold over asking) or Potomac 61865 (0% sold over asking).
Run the numbers for 60960
Nearby markets
Allerton 61810Buyer’s market $81 /sq ftAlvin 61811Seller’s market $176 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ft Browse all markets →Where Rankin is
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Questions about Rankin real estate
Is Rankin a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Rankin, IL 60960 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 Rankin?
The typical home went under contract in 45 days in the latest three months.
Do homes in Rankin sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 104.7% of the list price.
What are property taxes in Rankin?
About 1.81% of a home’s value a year in Vermilion County, or roughly $7,240 on a $400,000 home.
What is the median home price in Rankin?
The median sale price was $179,972 in the three months ending August 31, 2026, about $142 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