Is Henry, IL 61537 a buyer’s or seller’s market?
Henry is a seller’s market. With about 1.9 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 Henry housing market right now
In the three months ending August 31, 2026, 0% of homes in Henry, IL 61537 sold above their list price, the typical home went under contract in 90 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 33%, homes sold faster (98 days then) and the median sale price rose 68% to $188,918. Overall, Henry is less competitive than a year ago, which gives buyers more room.
Within Marshall County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Speer 61479 (100% sold over asking) and Toluca 61369 (17% sold over asking) are even more competitive.
Run the numbers for 61537
Nearby markets
La Rose 61541Seller’s market $49 /sq ftLacon 61540Seller’s market $87 /sq ftSparland 61565Seller’s market $101 /sq ftSpeer 61479 $83 /sq ft Browse all markets →Towns like Henry nearby
Find towns like Henry in other states →Where Henry is
Loading map…
Questions about Henry real estate
Is Henry a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Henry, IL 61537 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 Henry?
The typical home went under contract in 90 days in the latest three months.
Do homes in Henry sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Henry?
About 1.94% of a home’s value a year in Marshall County, or roughly $7,760 on a $400,000 home.
What is the median home price in Henry?
The median sale price was $188,918 in the three months ending August 31, 2026, about $81 per square foot.
Local agents
See all agents in 61537 →No sponsored agents in 61537 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61537
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology