Is Lena, IL 61048 a buyer’s or seller’s market?

The Lena housing market right now

In the three months ending August 31, 2026, 25% of homes in Lena, IL 61048 sold above their list price, the typical home went under contract in 6 days and there were 3.2 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 rose from 15%, homes sold faster (18 days then) and the median sale price fell 10% to $174,874. Overall, Lena is more competitive than a year ago, so tougher for buyers.

Within Stephenson County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 67%.

Nearby, buyers who want less competition could look at Pearl City 61062 (0% sold over asking) or German Valley 61039 (0% sold over asking), while Orangeville 61060 (50% sold over asking) and Rock City 61070 (50% sold over asking) are even more competitive.