Is Lewistown, IL 61542 a buyer’s or seller’s market?
Lewistown is a seller’s market. With about 2.4 months of supply and 17% 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 Lewistown housing market right now
In the three months ending August 31, 2026, 17% of homes in Lewistown, IL 61542 sold above their list price, the typical home went under contract in 34 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (77 days then) and the median sale price rose 75% to $134,192. Overall, Lewistown is more competitive than a year ago, so tougher for buyers.
Within Fulton County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 82%.
Nearby, buyers who want less competition could look at Saint David 61563 (0% sold over asking) or Dunfermline 61524 (0% sold over asking), while Canton 61520 (25% sold over asking) is even more competitive.
Run the numbers for 61542
Nearby markets
Astoria 61501Buyer’s market $107 /sq ftAvon 61415Seller’s market $147 /sq ftCanton 61520Seller’s market $85 /sq ftCuba 61427Seller’s market $115 /sq ft Browse all markets →Towns like Lewistown nearby
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Questions about Lewistown real estate
Is Lewistown a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Lewistown, IL 61542 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 Lewistown?
The typical home went under contract in 34 days in the latest three months.
Do homes in Lewistown sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.
What are property taxes in Lewistown?
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 Lewistown?
The median sale price was $134,192 in the three months ending August 31, 2026, about $63 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