Is Chadwick, IL 61014 a buyer’s or seller’s market?
Chadwick is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Chadwick housing market right now
In the three months ending August 31, 2026, 100% of homes in Chadwick, IL 61014 sold above their list price, the typical home went under contract in 3 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 faster (197 days then) and the median sale price rose 63% to $140,939. Overall, Chadwick is more competitive than a year ago, so tougher for buyers.
Within Carroll County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Thomson 61285 (0% sold over asking) or Lanark 61046 (0% sold over asking).
Run the numbers for 61014
Nearby markets
Lanark 61046Seller’s market $141 /sq ftMilledgeville 61051Balanced $89 /sq ftMount Carroll 61053Balanced $82 /sq ftSavanna 61074Balanced $84 /sq ft Browse all markets →Towns like Chadwick nearby
Find towns like Chadwick in other states →Where Chadwick is
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Questions about Chadwick real estate
Is Chadwick a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Chadwick, IL 61014 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 Chadwick?
The typical home went under contract in 3 days in the latest three months.
Do homes in Chadwick sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.
What are property taxes in Chadwick?
About 1.99% of a home’s value a year in Carroll County, or roughly $7,960 on a $400,000 home.
What is the median home price in Chadwick?
The median sale price was $140,939 in the three months ending August 31, 2026, about $70 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