Is Leaf River, IL 61047 a buyer’s or seller’s market?
Leaf River is a seller’s market. With about 1.1 months of supply and 17% 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 Leaf River housing market right now
In the three months ending August 31, 2026, 17% of homes in Leaf River, IL 61047 sold above their list price, the typical home went under contract in 30 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 6 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 50%, homes sold faster (123 days then) and the median sale price rose 29% to $128,944. Overall, Leaf River is about as competitive as it was a year ago.
Within Ogle County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 83%.
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 61047
Nearby markets
Baileyville 61007 — /sq ftByron 61010Seller’s market $147 /sq ftChana 61015Seller’s market $190 /sq ftCreston 60113 — /sq ft Browse all markets →Towns like Leaf River nearby
Find towns like Leaf River in other states →Where Leaf River is
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Questions about Leaf River real estate
Is Leaf River a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Leaf River, IL 61047 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 Leaf River?
The typical home went under contract in 30 days in the latest three months.
Do homes in Leaf River sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 87.2% of the list price.
What are property taxes in Leaf River?
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 Leaf River?
The median sale price was $128,944 in the three months ending August 31, 2026, about $103 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