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Is Cordova, IL 61242 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Cordova is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market4Listing to accepted offer
Median price per sq ft$106▼ −15.1% vs. last year

The Cordova housing market right now

In the three months ending August 31, 2026, 0% of homes in Cordova, IL 61242 sold above their list price, the typical home went under contract in 4 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (7 days then) and the median sale price rose 24% to $204,911. Overall, Cordova is about as competitive as it was a year ago.

Within Rock Island County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Rapids City 61278 (100% sold over asking) and Carbon Cliff 61239 (67% sold over asking) are even more competitive.

Run the numbers for 61242

Prefilled for 61242Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61242Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Andalusia 61232Balanced $118 /sq ftCarbon Cliff 61239Seller’s market $143 /sq ftCoal Valley 61240Seller’s market $140 /sq ftEast Moline 61244Seller’s market $129 /sq ft Browse all markets →

Towns like Cordova nearby

Find towns like Cordova in other states →
Sherrard, IL61281 · 29 miles away87% similarlarger · 6 min shorter commute Princeton, IA52768 · 3 miles away84% similarpricier homes ($73K more) · 6 min shorter commute Lynn Center, IL61262 · 28 miles away81% similarpricier homes ($27K more) · 6 min shorter commute Blue Grass, IA52726 · 26 miles away76% similarpricier homes ($58K more) · larger

Where Cordova is

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Questions about Cordova real estate

Is Cordova a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Cordova, IL 61242 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Cordova?

The typical home went under contract in 4 days in the latest three months.

Do homes in Cordova sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.

What are property taxes in Cordova?

About 2.28% of a home’s value a year in Rock Island County, or roughly $9,120 on a $400,000 home.

What is the median home price in Cordova?

The median sale price was $204,911 in the three months ending August 31, 2026, about $106 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology