Is Coal Valley, IL 61240 a buyer’s or seller’s market?

The Coal Valley housing market right now

In the three months ending August 31, 2026, 29% of homes in Coal Valley, IL 61240 sold above their list price, the typical home went under contract in 5 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 17 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 60%, homes sold faster (9 days then) and the median sale price fell 12% to $249,892. Overall, Coal Valley is less competitive than a year ago, which gives buyers more room.

Within Rock Island County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Coal Valley ranks #218 of 464 IL ZIP codes with enough sales (score 68 out of 100).

Nearby, buyers who want less competition could look at Cordova 61242 (0% sold over asking) or Hampton 61256 (10% sold over asking), while Rapids City 61278 (100% sold over asking) and Carbon Cliff 61239 (67% sold over asking) are even more competitive.