Is Aledo, IL 61231 a buyer’s or seller’s market?

The Aledo housing market right now

In the three months ending August 31, 2026, 25% of homes in Aledo, IL 61231 sold above their list price, the typical home went under contract in 36 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold faster (50 days then) and the median sale price rose 24% to $168,427. Overall, Aledo is more competitive than a year ago, so tougher for buyers.

Within Mercer County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell more often over asking than in 78%. On our competition score, Aledo ranks #346 of 464 IL ZIP codes with enough sales (score 54 out of 100).

Nearby, buyers who want less competition could look at Viola 61486 (0% sold over asking) or North Henderson 61466 (0% sold over asking), while Matherville 61263 (100% sold over asking) and Reynolds 61279 (67% sold over asking) are even more competitive.