Is Williamsfield, IL 61489 a buyer’s or seller’s market?
Williamsfield 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 Williamsfield housing market right now
In the three months ending August 31, 2026, 0% of homes in Williamsfield, IL 61489 sold above their list price, the typical home went under contract in 83 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 (63 days then) and the median sale price rose 464% to $614,734. Overall, Williamsfield is less competitive than a year ago, which gives buyers more room.
Within Knox County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell 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 61489
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 Williamsfield is
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Questions about Williamsfield real estate
Is Williamsfield a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Williamsfield, IL 61489 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 Williamsfield?
The typical home went under contract in 83 days in the latest three months.
Do homes in Williamsfield sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Williamsfield?
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 Williamsfield?
The median sale price was $614,734 in the three months ending August 31, 2026, about $240 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