Is Mount Morris, IL 61054 a buyer’s or seller’s market?
Mount Morris is a seller’s market. With about 0.9 months of supply and 55% 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 Mount Morris housing market right now
In the three months ending August 31, 2026, 55% of homes in Mount Morris, IL 61054 sold above their list price, the typical home went under contract in 17 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold more slowly (6 days then) and the median sale price fell 5% to $151,934. Overall, Mount Morris is more competitive than a year ago, so tougher for buyers.
Within Ogle County, homes here sell faster than in 58% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Lindenwood 61049 (0% sold over asking) or Esmond 60129 (0% sold over asking).
Run the numbers for 61054
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 Mount Morris nearby
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Questions about Mount Morris real estate
Is Mount Morris a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Mount Morris, IL 61054 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 Mount Morris?
The typical home went under contract in 17 days in the latest three months.
Do homes in Mount Morris sell over asking?
55% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Mount Morris?
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 Mount Morris?
The median sale price was $151,934 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