Is Cuba, IL 61427 a buyer’s or seller’s market?
Cuba is a seller’s market. With about 2.8 months of supply and 11% 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 Cuba housing market right now
In the three months ending August 31, 2026, 11% of homes in Cuba, IL 61427 sold above their list price, the typical home went under contract in 23 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 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 17%, homes sold faster (48 days then) and the median sale price rose 52% to $243,894. Overall, Cuba is about as competitive as it was a year ago.
Within Fulton County, homes here sell faster than in 73% of the county’s ZIP codes, and sell more often over asking than in 73%.
Nearby, buyers who want less competition could look at Saint David 61563 (0% sold over asking) or Dunfermline 61524 (0% sold over asking), while Canton 61520 (25% sold over asking) and Farmington 61531 (17% sold over asking) are even more competitive.
Run the numbers for 61427
Nearby markets
Astoria 61501Buyer’s market $107 /sq ftAvon 61415Seller’s market $147 /sq ftCanton 61520Seller’s market $85 /sq ftDunfermline 61524Seller’s market $125 /sq ft Browse all markets →Towns like Cuba nearby
Find towns like Cuba in other states →Where Cuba is
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Questions about Cuba real estate
Is Cuba a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Cuba, IL 61427 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 Cuba?
The typical home went under contract in 23 days in the latest three months.
Do homes in Cuba sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Cuba?
About 2.14% of a home’s value a year in Fulton County, or roughly $8,560 on a $400,000 home.
What is the median home price in Cuba?
The median sale price was $243,894 in the three months ending August 31, 2026, about $115 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