Is Polo, IL 61064 a buyer’s or seller’s market?
Polo is a seller’s market. With about 2.9 months of supply and 20% 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 Polo housing market right now
In the three months ending August 31, 2026, 20% of homes in Polo, IL 61064 sold above their list price, the typical home went under contract in 25 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (53 days then) and the median sale price rose 25% to $182,421. Overall, Polo is more competitive than a year ago, so tougher for buyers.
Within Ogle County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 75%.
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 61064
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 Polo nearby
Find towns like Polo in other states →Where Polo is
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Questions about Polo real estate
Is Polo a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Polo, IL 61064 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 Polo?
The typical home went under contract in 25 days in the latest three months.
Do homes in Polo sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 90.3% of the list price.
What are property taxes in Polo?
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 Polo?
The median sale price was $182,421 in the three months ending August 31, 2026, about $79 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