Is Hanna City, IL 61536 a buyer’s or seller’s market?
Hanna City is a seller’s market. With about 1.9 months of supply and 20% 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 Hanna City housing market right now
In the three months ending August 31, 2026, 20% of homes in Hanna City, IL 61536 sold above their list price, the typical home went under contract in 47 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 22%, homes sold more slowly (28 days then) and the median sale price rose 65% to $255,889. Overall, Hanna City is less competitive than a year ago, which gives buyers more room.
Within Peoria County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell less often over asking than in 65%.
Nearby, buyers who want less competition could look at Peoria 61602 (0% sold over asking) or Trivoli 61569 (0% sold over asking), while Dunlap 61525 (56% sold over asking) and Edwards 61528 (47% sold over asking) are even more competitive.
Run the numbers for 61536
Nearby markets
Brimfield 61517Seller’s market $138 /sq ftChillicothe 61523Seller’s market $125 /sq ftDunlap 61525Seller’s market $148 /sq ftEdelstein 61526Seller’s market $117 /sq ft Browse all markets →Towns like Hanna City nearby
Find towns like Hanna City in other states →Where Hanna City is
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Questions about Hanna City real estate
Is Hanna City a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Hanna City, IL 61536 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 Hanna City?
The typical home went under contract in 47 days in the latest three months.
Do homes in Hanna City sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Hanna City?
About 2.24% of a home’s value a year in Peoria County, or roughly $8,960 on a $400,000 home.
What is the median home price in Hanna City?
The median sale price was $255,889 in the three months ending August 31, 2026, about $123 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