Is Canton, IL 61520 a buyer’s or seller’s market?
Canton is a seller’s market. With about 3.1 months of supply and 25% 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.
More competitive than 50% of U.S. ZIP codes, and #372 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Canton housing market right now
In the three months ending August 31, 2026, 25% of homes in Canton, IL 61520 sold above their list price, the typical home went under contract in 25 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 70 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (24% then), homes sold more slowly (11 days then) and the median sale price rose 13% to $129,444. Overall, Canton is less competitive than a year ago, which gives buyers more room.
Within Fulton County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Canton ranks #372 of 464 IL ZIP codes with enough sales (score 49 out of 100).
Nearby, buyers who want less competition could look at Saint David 61563 (0% sold over asking) or Dunfermline 61524 (0% sold over asking).
Run the numbers for 61520
Nearby markets
Astoria 61501Buyer’s market $107 /sq ftAvon 61415Seller’s market $147 /sq ftCuba 61427Seller’s market $115 /sq ftDunfermline 61524Seller’s market $125 /sq ft Browse all markets →Towns like Canton nearby
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Questions about Canton real estate
Is Canton a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Canton, IL 61520 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 Canton?
The typical home went under contract in 25 days in the latest three months.
Do homes in Canton sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Canton?
About 2.14% of a home’s value a year in Fulton County, or roughly $8,560 on a $400,000 home.
What is the median home price in Canton?
The median sale price was $129,444 in the three months ending August 31, 2026, about $85 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