Is Knoxville, IL 61448 a buyer’s or seller’s market?
Knoxville is a seller’s market. With about 2.7 months of supply and 8% 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 Knoxville housing market right now
In the three months ending August 31, 2026, 8% of homes in Knoxville, IL 61448 sold above their list price, the typical home went under contract in 47 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold more slowly (36 days then) and the median sale price rose 2% to $194,916. Overall, Knoxville is less competitive than a year ago, which gives buyers more room.
Within Knox County, homes here sell faster than in 54% of the county’s ZIP codes, and sell less often over asking than in 62%.
Nearby, buyers who want less competition could look at Williamsfield 61489 (0% sold over asking) or Wataga 61488 (0% sold over asking), while Maquon 61458 (50% sold over asking) and Victoria 61485 (50% sold over asking) are even more competitive.
Run the numbers for 61448
Nearby markets
Abingdon 61410Seller’s market $79 /sq ftAltona 61414Balanced $91 /sq ftDahinda 61428Seller’s market $185 /sq ftEast Galesburg 61430Seller’s market $126 /sq ft Browse all markets →Towns like Knoxville nearby
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Questions about Knoxville real estate
Is Knoxville a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Knoxville, IL 61448 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 Knoxville?
The typical home went under contract in 47 days in the latest three months.
Do homes in Knoxville sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.
What are property taxes in Knoxville?
About 1.96% of a home’s value a year in Knox County, or roughly $7,840 on a $400,000 home.
What is the median home price in Knoxville?
The median sale price was $194,916 in the three months ending August 31, 2026, about $116 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