Is Standard, IL 61363 a buyer’s or seller’s market?
Standard 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 Standard housing market right now
In the three months ending August 31, 2026, 0% of homes in Standard, IL 61363 sold above their list price, the typical home went under contract in 40 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 Putnam County, homes here sell faster, and 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 61363
Nearby markets
Granville 61326Seller’s market $117 /sq ftHennepin 61327Seller’s market $132 /sq ftMagnolia 61336Seller’s market $142 /sq ftMark 61340 — /sq ft Browse all markets →Where Standard is
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Questions about Standard real estate
Is Standard a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Standard, IL 61363 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 Standard?
The typical home went under contract in 40 days in the latest three months.
Do homes in Standard sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Standard?
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 Standard?
The median sale price was $174,924 in the three months ending August 31, 2026, about $159 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