Is Pearl City, IL 61062 a buyer’s or seller’s market?
Pearl City is a seller’s market. With about 1.1 months of supply and 0% 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 Pearl City housing market right now
In the three months ending August 31, 2026, 0% of homes in Pearl City, IL 61062 sold above their list price, the typical home went under contract in 39 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 3 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 25%, homes sold faster (65 days then) and the median sale price fell 52% to $114,950. Overall, Pearl City is less competitive than a year ago, which gives buyers more room.
Within Stephenson County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Orangeville 61060 (50% sold over asking) and Rock City 61070 (50% sold over asking) are even more competitive.
Run the numbers for 61062
Nearby markets
Cedarville 61013 — /sq ftDakota 61018 — /sq ftDavis 61019Seller’s market $114 /sq ftFreeport 61032Seller’s market $91 /sq ft Browse all markets →Towns like Pearl City nearby
Find towns like Pearl City in other states →Where Pearl City is
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Questions about Pearl City real estate
Is Pearl City a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Pearl City, IL 61062 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 Pearl City?
The typical home went under contract in 39 days in the latest three months.
Do homes in Pearl City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.9% of the list price.
What are property taxes in Pearl City?
About 2.40% of a home’s value a year in Stephenson County, or roughly $9,600 on a $400,000 home.
What is the median home price in Pearl City?
The median sale price was $114,950 in the three months ending August 31, 2026, about $93 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