Is Annawan, IL 61234 a buyer’s or seller’s market?

The Annawan housing market right now

In the three months ending August 31, 2026, 17% of homes in Annawan, IL 61234 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 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 43%, homes sold faster (58 days then) and the median sale price rose 38% to $186,419. Overall, Annawan is less competitive than a year ago, which gives buyers more room.

Within Henry County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in 73%.

Nearby, buyers who want less competition could look at Lynn Center 61262 (0% sold over asking) or Atkinson 61235 (0% sold over asking), while Alpha 61413 (67% sold over asking) and Andover 61233 (50% sold over asking) are even more competitive.