Is Orion, IL 61273 a buyer’s or seller’s market?
Orion is a seller’s market. With about 0.6 months of supply and 18% 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.
More competitive than 66% of U.S. ZIP codes, and #269 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Orion housing market right now
In the three months ending August 31, 2026, 18% of homes in Orion, IL 61273 sold above their list price, the typical home went under contract in 19 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (43 days then) and the median sale price rose 4% to $226,902. Overall, Orion is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell faster than in 73% of the county’s ZIP codes, and sell less often over asking than in 64%.
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.
Run the numbers for 61273
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 Orion nearby
Find towns like Orion in other states →Where Orion is
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Questions about Orion real estate
Is Orion a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Orion, IL 61273 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 Orion?
The typical home went under contract in 19 days in the latest three months.
Do homes in Orion sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Orion?
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 Orion?
The median sale price was $226,902 in the three months ending August 31, 2026, about $171 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