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Is Garden Prairie, IL 61038 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Garden Prairie is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94%Sold price ÷ list price
Median days on market83Listing to accepted offer
Median price per sq ft$91▲ +17.8% vs. last year

The Garden Prairie housing market right now

In the three months ending August 31, 2026, 0% of homes in Garden Prairie, IL 61038 sold above their list price and the typical home went under contract in 83 days. 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 fell from 100%, homes sold more slowly (6 days then) and the median sale price fell 15% to $178,423. Overall, Garden Prairie is less competitive than a year ago, which gives buyers more room.

Within Boone County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Poplar Grove 61065 (50% sold over asking) and Belvidere 61008 (45% sold over asking) are even more competitive.

Run the numbers for 61038

Prefilled for 61038Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61038Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belvidere 61008Seller’s market $151 /sq ftCaledonia 61011Seller’s market $147 /sq ftCapron 61012Seller’s market $172 /sq ftPoplar Grove 61065Seller’s market $150 /sq ft Browse all markets →

Towns like Garden Prairie nearby

Find towns like Garden Prairie in other states →
Leaf River, IL61047 · 34 miles away88% similarcheaper homes ($39K less) · older residents Monroe Center, IL61052 · 17 miles away73% similarcheaper homes ($56K less) · newer homes Davis, IL61019 · 36 miles away68% similarcheaper homes ($50K less) · larger Kingston, IL60145 · 10 miles away64% similarlarger · younger residents

Where Garden Prairie is

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Questions about Garden Prairie real estate

How fast do homes sell in Garden Prairie?

The typical home went under contract in 83 days in the latest three months.

Do homes in Garden Prairie sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.

What are property taxes in Garden Prairie?

About 2.18% of a home’s value a year in Boone County, or roughly $8,720 on a $400,000 home.

What is the median home price in Garden Prairie?

The median sale price was $178,423 in the three months ending August 31, 2026, about $91 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