Is Princeton, IL 61356 a buyer’s or seller’s market?

The Princeton housing market right now

In the three months ending August 31, 2026, 19% of homes in Princeton, IL 61356 sold above their list price, the typical home went under contract in 50 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 37 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (21% then), homes sold faster (57 days then) and the median sale price rose 28% to $221,404. Overall, Princeton is about as competitive as it was a year ago.

Within Bureau County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 53%. On our competition score, Princeton ranks #388 of 464 IL ZIP codes with enough sales (score 46 out of 100).

Nearby, buyers who want less competition could look at Wyanet 61379 (0% sold over asking) or Walnut 61376 (0% sold over asking), while Dalzell 61320 (100% sold over asking) and Cherry 61317 (50% sold over asking) are even more competitive.