Is Cambridge, IL 61238 a buyer’s or seller’s market?

The Cambridge housing market right now

In the three months ending August 31, 2026, 20% of homes in Cambridge, IL 61238 sold above their list price, the typical home went under contract in 29 days and there were 5.1 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. With only 5 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 30%, homes sold faster (59 days then) and the median sale price fell 5% to $134,942. Overall, Cambridge is about as competitive as it was a year ago.

Within Henry County, homes here sell faster than in 55% of the county’s ZIP codes, and sell less often over asking than in 55%.

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.