Is Varna, IL 61375 a buyer’s or seller’s market?
Varna is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Varna housing market right now
In the three months ending August 31, 2026, 0% of homes in Varna, IL 61375 sold above their list price, the typical home went under contract in 87 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 6 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 20%, homes sold more slowly (55 days then) and the median sale price rose 17% to $322,111. Overall, Varna is less competitive than a year ago, which gives buyers more room.
Within Marshall County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Speer 61479 (100% sold over asking) and Toluca 61369 (17% sold over asking) are even more competitive.
Run the numbers for 61375
Nearby markets
Henry 61537Seller’s market $81 /sq ftLa Rose 61541Seller’s market $49 /sq ftLacon 61540Seller’s market $87 /sq ftSparland 61565Seller’s market $101 /sq ft Browse all markets →Where Varna is
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Questions about Varna real estate
Is Varna a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Varna, IL 61375 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 Varna?
The typical home went under contract in 87 days in the latest three months.
Do homes in Varna sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.
What are property taxes in Varna?
About 1.94% of a home’s value a year in Marshall County, or roughly $7,760 on a $400,000 home.
What is the median home price in Varna?
The median sale price was $322,111 in the three months ending August 31, 2026, about $157 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