Is Groveland, IL 61535 a buyer’s or seller’s market?

The Groveland housing market right now

In the three months ending August 31, 2026, 50% of homes in Groveland, IL 61535 sold above their list price, the typical home went under contract in 16 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 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 60%, homes sold more slowly (7 days then) and the median sale price rose 37% to $308,866. Overall, Groveland is less competitive than a year ago, which gives buyers more room.

Within Tazewell County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 71%.

Nearby, buyers who want less competition could look at Deer Creek 61733 (0% sold over asking) or South Pekin 61564 (0% sold over asking), while Tremont 61568 (55% sold over asking) and East Peoria 61611 (53% sold over asking) are even more competitive.