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Is Toulon, IL 61483 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Toulon is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.3%Sold price ÷ list price
Median days on market104Listing to accepted offer
Median price per sq ft$110▲ +19.7% vs. last year

The Toulon housing market right now

In the three months ending August 31, 2026, 0% of homes in Toulon, IL 61483 sold above their list price, the typical home went under contract in 104 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 33%, homes sold more slowly (39 days then) and the median sale price rose 65% to $214,907. Overall, Toulon is less competitive than a year ago, which gives buyers more room.

Nearby, Bradford 61421 (100% sold over asking) and La Fayette 61449 (50% sold over asking) are even more competitive.

Run the numbers for 61483

Prefilled for 61483Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61483Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bradford 61421Buyer’s market $208 /sq ftLa Fayette 61449Seller’s market $84 /sq ftWyoming 61491Seller’s market $75 /sq ft Browse all markets →

Towns like Toulon nearby

Find towns like Toulon in other states →
Toluca, IL61369 · 38 miles away90% similarVery close on income, prices and more Cambridge, IL61238 · 22 miles away89% similarVery close on income, prices and more Henry, IL61537 · 25 miles away88% similarlarger · newer homes Prophetstown, IL61277 · 37 miles away88% similarpricier homes ($39K more) · larger

Where Toulon is

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Questions about Toulon real estate

Is Toulon a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Toulon, IL 61483 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 Toulon?

The typical home went under contract in 104 days in the latest three months.

Do homes in Toulon sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.

What are property taxes in Toulon?

About 1.69% of a home’s value a year in Stark County, or roughly $6,760 on a $400,000 home.

What is the median home price in Toulon?

The median sale price was $214,907 in the three months ending August 31, 2026, about $110 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