Is Chana, IL 61015 a buyer’s or seller’s market?
Chana is a seller’s market. With about 1.1 months of supply and 33% 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 Chana housing market right now
In the three months ending August 31, 2026, 33% of homes in Chana, IL 61015 sold above their list price, the typical home went under contract in 10 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 25%, homes sold faster (27 days then) and the median sale price rose 65% to $429,814. Overall, Chana is more competitive than a year ago, so tougher for buyers.
Within Ogle County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Lindenwood 61049 (0% sold over asking) or Esmond 60129 (0% sold over asking), while Mount Morris 61054 (55% sold over asking) and Byron 61010 (47% sold over asking) are even more competitive.
Run the numbers for 61015
Nearby markets
Baileyville 61007 — /sq ftByron 61010Seller’s market $147 /sq ftCreston 60113 — /sq ftDavis Junction 61020Seller’s market $164 /sq ft Browse all markets →Where Chana is
Loading map…
Questions about Chana real estate
Is Chana a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Chana, IL 61015 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 Chana?
The typical home went under contract in 10 days in the latest three months.
Do homes in Chana sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Chana?
About 2.06% of a home’s value a year in Ogle County, or roughly $8,240 on a $400,000 home.
What is the median home price in Chana?
The median sale price was $429,814 in the three months ending August 31, 2026, about $190 per square foot.
Local agents
See all agents in 61015 →No sponsored agents in 61015 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61015
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology