Is Warren, IL 61087 a buyer’s or seller’s market?

The Warren housing market right now

In the three months ending August 31, 2026, 17% of homes in Warren, IL 61087 sold above their list price, the typical home went under contract in 44 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 6 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 50%, homes sold more slowly (2 days then) and the median sale price rose 9% to $146,936. Overall, Warren is less competitive than a year ago, which gives buyers more room.

Within Jo Daviess County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 57%.

Nearby, buyers who want less competition could look at Scales Mound 61075 (0% sold over asking) or Elizabeth 61028 (0% sold over asking), while Hanover 61041 (33% sold over asking) is even more competitive.