Is Rutland, IL 61358 a buyer’s or seller’s market?
Rutland is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Rutland housing market right now
In the three months ending August 31, 2026, 0% of homes in Rutland, IL 61358 sold above their list price, the typical home went under contract in 63 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $67,971, or about $29 per square foot.
Within LaSalle County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell 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 61358
Nearby markets
Cedar Point 61316Seller’s market $46 /sq ftDana 61321 — /sq ftEarlville 60518Seller’s market $162 /sq ftGrand Ridge 61325 — /sq ft Browse all markets →Where Rutland is
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Questions about Rutland real estate
Is Rutland a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Rutland, IL 61358 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 Rutland?
The typical home went under contract in 63 days in the latest three months.
Do homes in Rutland sell over asking?
0% of homes sold above their original list price.
What are property taxes in Rutland?
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 Rutland?
The median sale price was $67,971 in the three months ending August 31, 2026, about $29 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