Is Tonica, IL 61370 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Tonica is a seller’s market. With about 0.6 months of supply and 20% 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.

Months of supply0.6Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list94.3%Sold price ÷ list price
Median days on market63Listing to accepted offer
Median price per sq ft$130▼ −0.1% vs. last year

The Tonica housing market right now

In the three months ending August 31, 2026, 20% of homes in Tonica, IL 61370 sold above their list price, the typical home went under contract in 63 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (5 days then) and the median sale price fell 15% to $189,918. Overall, Tonica is less competitive than a year ago, which gives buyers more room.

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 53%.

Nearby, buyers who want less competition could look at Wenona 61377 (0% sold over asking) or Utica 61373 (0% sold over asking), while Millington 60537 (100% sold over asking) and Sheridan 60551 (60% sold over asking) are even more competitive.

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 Tonica is

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Questions about Tonica real estate

Is Tonica a buyer’s or seller’s market?

A seller’s market: there were 0.6 months of supply in Tonica, IL 61370 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 Tonica?

The typical home went under contract in 63 days in the latest three months.

Do homes in Tonica sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 94.3% of the list price.

What are property taxes in Tonica?

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 Tonica?

The median sale price was $189,918 in the three months ending August 31, 2026, about $130 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