Is Forest City, IL 61532 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Forest 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 Forest City housing market right now

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

About the area

Mason County, IL

Population	347
Median income	$71,544
Average income	$68,703
Median home value	$116,000
Median rent	$930/month
Owner-occupied	83% of homes
Median year built	1972

Natural hazard riskTornadoes (relatively high), extreme heat (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 61532; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 61532

Prefilled for 61532Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61532Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bath 62617 — /sq ft Easton 62633 $54 /sq ft Havana 62644Balanced $82 /sq ft Mason City 62664Seller’s market $95 /sq ft Browse all markets →

Where Forest City is

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Questions about Forest City real estate

What are property taxes in Forest City?

About 2.09% of a home’s value a year in Mason County, or roughly $8,360 on a $400,000 home.

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More tools for 61532

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 Mason County property taxes Mason 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