Is Savanna, IL 61074 a buyer’s or seller’s market?

The Savanna housing market right now

In the three months ending August 31, 2026, 17% of homes in Savanna, IL 61074 sold above their list price, the typical home went under contract in 54 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 12 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold more slowly (49 days then) and the median sale price held steady to $109,453. Overall, Savanna is less competitive than a year ago, which gives buyers more room.

Within Carroll County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 67%.

Nearby, buyers who want less competition could look at Thomson 61285 (0% sold over asking) or Lanark 61046 (0% sold over asking), while Chadwick 61014 (100% sold over asking) and Milledgeville 61051 (50% sold over asking) are even more competitive.