Is Forreston, IL 61030 a buyer’s or seller’s market?

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

Forreston is a seller’s market. With about 1.6 months of supply and 25% 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.

Months of supply1.6Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list95%Sold price ÷ list price
Median days on market17Listing to accepted offer
Median price per sq ft$130▲ +43.0% vs. last year

The Forreston housing market right now

In the three months ending August 31, 2026, 25% of homes in Forreston, IL 61030 sold above their list price, the typical home went under contract in 17 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 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 fell from 30%, homes sold faster (20 days then) and the median sale price rose 16% to $174,175. Overall, Forreston is less competitive than a year ago, which gives buyers more room.

Within Ogle County, homes here sell faster than in 58% of the county’s ZIP codes, and sell less often over asking than in 58%.

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.

Nearby markets

Baileyville 61007 — /sq ftByron 61010Seller’s market $147 /sq ftChana 61015Seller’s market $190 /sq ftCreston 60113 — /sq ft Browse all markets →

Where Forreston is

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Questions about Forreston real estate

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

A seller’s market: there were 1.6 months of supply in Forreston, IL 61030 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 Forreston?

The typical home went under contract in 17 days in the latest three months.

Do homes in Forreston sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.

What are property taxes in Forreston?

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 Forreston?

The median sale price was $174,175 in the three months ending August 31, 2026, about $130 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