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Is Lynn Center, IL 61262 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lynn Center is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.1%Sold price ÷ list price
Median days on market42Listing to accepted offer
Median price per sq ft$119▼ −11.0% vs. last year

The Lynn Center housing market right now

In the three months ending August 31, 2026, 0% of homes in Lynn Center, IL 61262 sold above their list price and the typical home went under contract in 42 days. With only 1 sale, 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 more slowly (29 days then) and the median sale price fell 52% to $113,951. Overall, Lynn Center is less competitive than a year ago, which gives buyers more room.

Within Henry County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Alpha 61413 (67% sold over asking) and Andover 61233 (50% sold over asking) are even more competitive.

Run the numbers for 61262

Prefilled for 61262Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61262Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alpha 61413Seller’s market $104 /sq ftAndover 61233Seller’s market $91 /sq ftAnnawan 61234Seller’s market $92 /sq ftAtkinson 61235Seller’s market $67 /sq ft Browse all markets →

Towns like Lynn Center nearby

Find towns like Lynn Center in other states →
Sherrard, IL61281 · 9 miles away88% similarlarger Reynolds, IL61279 · 16 miles away87% similarcheaper homes ($83K less) · older homes Hampton, IL61256 · 19 miles away83% similarcheaper homes ($60K less) · larger Donahue, IA52746 · 34 miles away82% similarpricier homes ($92K more)

Where Lynn Center is

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Questions about Lynn Center real estate

How fast do homes sell in Lynn Center?

The typical home went under contract in 42 days in the latest three months.

Do homes in Lynn Center sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.

What are property taxes in Lynn Center?

About 1.99% of a home’s value a year in Henry County, or roughly $7,960 on a $400,000 home.

What is the median home price in Lynn Center?

The median sale price was $113,951 in the three months ending August 31, 2026, about $119 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