Is Hennepin, IL 61327 a buyer’s or seller’s market?
Hennepin is a seller’s market. With about 2.1 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 Hennepin housing market right now
In the three months ending August 31, 2026, 0% of homes in Hennepin, IL 61327 sold above their list price, the typical home went under contract in 53 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 was about the same (0% then), homes sold faster (181 days then) and the median sale price rose 84% to $239,896. Overall, Hennepin is more competitive than a year ago, so tougher for buyers.
Within Putnam County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Magnolia 61336 (33% sold over asking) and Granville 61326 (17% sold over asking) are even more competitive.
Run the numbers for 61327
Nearby markets
Granville 61326Seller’s market $117 /sq ftMagnolia 61336Seller’s market $142 /sq ftMark 61340 — /sq ftMc Nabb 61335Seller’s market $99 /sq ft Browse all markets →Towns like Hennepin nearby
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Questions about Hennepin real estate
Is Hennepin a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Hennepin, IL 61327 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 Hennepin?
The typical home went under contract in 53 days in the latest three months.
Do homes in Hennepin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Hennepin?
About 1.57% of a home’s value a year in Putnam County, or roughly $6,280 on a $400,000 home.
What is the median home price in Hennepin?
The median sale price was $239,896 in the three months ending August 31, 2026, about $132 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