Is Wataga, IL 61488 a buyer’s or seller’s market?
Wataga is a seller’s market. With about 3.2 months of supply and 0% 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 Wataga housing market right now
In the three months ending August 31, 2026, 0% of homes in Wataga, IL 61488 sold above their list price, the typical home went under contract in 168 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, 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 (127 days then) and the median sale price fell 34% to $119,948. Overall, Wataga is less competitive than a year ago, which gives buyers more room.
Within Knox County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Maquon 61458 (50% sold over asking) and Victoria 61485 (50% sold over asking) are even more competitive.
Run the numbers for 61488
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 Wataga nearby
Find towns like Wataga in other states →Where Wataga is
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Questions about Wataga real estate
Is Wataga a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Wataga, IL 61488 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 Wataga?
The typical home went under contract in 168 days in the latest three months.
Do homes in Wataga sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Wataga?
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 Wataga?
The median sale price was $119,948 in the three months ending August 31, 2026, about $125 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