Is Prairie City, IL 61470 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Prairie City is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Prairie City housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

McDonough County, IL

Population	488
Median income	$72,708
Average income	$73,447
Median home value	$101,400
Median rent	$717/month
Owner-occupied	89% of homes
Median year built	1970

Natural hazard riskExtreme heat (relatively high), tornadoes (moderate), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 61470; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 61470

Prefilled for 61470Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61470Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Adair 61411 — /sq ft Blandinsville 61420Balanced $76 /sq ft Bushnell 61422Buyer’s market $76 /sq ft Colchester 62326Seller’s market $81 /sq ft Browse all markets →

Where Prairie City is

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Questions about Prairie City real estate

What are property taxes in Prairie City?

About 2.13% of a home’s value a year in McDonough County, or roughly $8,520 on a $400,000 home.

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More tools for 61470

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value McDonough County property taxes McDonough County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology