Is Reynolds, IL 61279 a buyer’s or seller’s market?
Reynolds is a seller’s market. With about 2.1 months of supply and 67% 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 Reynolds housing market right now
In the three months ending August 31, 2026, 67% of homes in Reynolds, IL 61279 sold above their list price, the typical home went under contract in 9 days and there were 2.1 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 rose from 0%, homes sold faster (21 days then) and the median sale price rose 27% to $189,918. Overall, Reynolds is more competitive than a year ago, so tougher for buyers.
Within Mercer County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at Viola 61486 (0% sold over asking) or North Henderson 61466 (0% sold over asking), while Matherville 61263 (100% sold over asking) is even more competitive.
Run the numbers for 61279
Nearby markets
Aledo 61231Seller’s market $93 /sq ftAlexis 61412Seller’s market $67 /sq ftJoy 61260Seller’s market $44 /sq ftKeithsburg 61442 — /sq ft Browse all markets →Towns like Reynolds nearby
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Questions about Reynolds real estate
Is Reynolds a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Reynolds, IL 61279 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 Reynolds?
The typical home went under contract in 9 days in the latest three months.
Do homes in Reynolds sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 103.3% of the list price.
What are property taxes in Reynolds?
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 Reynolds?
The median sale price was $189,918 in the three months ending August 31, 2026, about $128 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