Is Maquon, IL 61458 a buyer’s or seller’s market?
Maquon is a seller’s market. With about 1.6 months of supply and 50% 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 Maquon housing market right now
In the three months ending August 31, 2026, 50% of homes in Maquon, IL 61458 sold above their list price, the typical home went under contract in 82 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (131 days then) and the median sale price fell 71% to $93,659. Overall, Maquon is more competitive than a year ago, so tougher for buyers.
Within Knox County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell more often over asking than in 92%.
Nearby, buyers who want less competition could look at Williamsfield 61489 (0% sold over asking) or Wataga 61488 (0% sold over asking).
Run the numbers for 61458
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 →Where Maquon is
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Questions about Maquon real estate
Is Maquon a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Maquon, IL 61458 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 Maquon?
The typical home went under contract in 82 days in the latest three months.
Do homes in Maquon sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Maquon?
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 Maquon?
The median sale price was $93,659 in the three months ending August 31, 2026, about $95 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