Is Cedar Point, IL 61316 a buyer’s or seller’s market?
Cedar Point is a seller’s market. With about 3.2 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 Cedar Point housing market right now
In the three months ending August 31, 2026, 0% of homes in Cedar Point, IL 61316 sold above their list price, the typical home went under contract in 9 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within LaSalle County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Millington 60537 (100% sold over asking) and Sheridan 60551 (60% sold over asking) are even more competitive.
Run the numbers for 61316
Nearby markets
Dana 61321 — /sq ftEarlville 60518Seller’s market $162 /sq ftGrand Ridge 61325 — /sq ftLa Salle 61301Seller’s market $104 /sq ft Browse all markets →Where Cedar Point is
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Questions about Cedar Point real estate
Is Cedar Point a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Cedar Point, IL 61316 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 Cedar Point?
The typical home went under contract in 9 days in the latest three months.
Do homes in Cedar Point sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.2% of the list price.
What are property taxes in Cedar Point?
About 2.11% of a home’s value a year in LaSalle County, or roughly $8,440 on a $400,000 home.
What is the median home price in Cedar Point?
The median sale price was $35,984 in the three months ending August 31, 2026, about $46 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