Is Morton, IL 61550 a buyer’s or seller’s market?

The Morton housing market right now

In the three months ending August 31, 2026, 33% of homes in Morton, IL 61550 sold above their list price, the typical home went under contract in 9 days and there were 0.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 75 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 57%, homes sold about as fast and the median sale price rose 3% to $289,875. Overall, Morton is less competitive than a year ago, which gives buyers more room.

Within Tazewell County, homes here sell faster than in 64% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Morton ranks #45 of 464 IL ZIP codes with enough sales (score 84 out of 100).

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.