Is Joy, IL 61260 a buyer’s or seller’s market?
Joy is a seller’s market. With about 1.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Joy housing market right now
In the three months ending August 31, 2026, 0% of homes in Joy, IL 61260 sold above their list price, the typical home went under contract in 4 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 3 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 25%, homes sold faster (19 days then) and the median sale price fell 66% to $43,981. Overall, Joy is less competitive than a year ago, which gives buyers more room.
Within Mercer County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Matherville 61263 (100% sold over asking) and Reynolds 61279 (67% sold over asking) are even more competitive.
Run the numbers for 61260
Nearby markets
Aledo 61231Seller’s market $93 /sq ftAlexis 61412Seller’s market $67 /sq ftKeithsburg 61442 — /sq ftMatherville 61263Seller’s market $108 /sq ft Browse all markets →Where Joy is
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Questions about Joy real estate
Is Joy a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Joy, IL 61260 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 Joy?
The typical home went under contract in 4 days in the latest three months.
Do homes in Joy sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.3% of the list price.
What are property taxes in Joy?
About 1.96% of a home’s value a year in Mercer County, or roughly $7,840 on a $400,000 home.
What is the median home price in Joy?
The median sale price was $43,981 in the three months ending August 31, 2026, about $44 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