Is Sparland, IL 61565 a buyer’s or seller’s market?
Sparland is a seller’s market. With about 1.6 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 Sparland housing market right now
In the three months ending August 31, 2026, 17% of homes in Sparland, IL 61565 sold above their list price, the typical home went under contract in 15 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 67%, homes sold faster (17 days then) and the median sale price rose 3% to $211,858. Overall, Sparland is less competitive than a year ago, which gives buyers more room.
Within Marshall County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at La Rose 61541 (0% sold over asking) or Henry 61537 (0% sold over asking), while Speer 61479 (100% sold over asking) is even more competitive.
Run the numbers for 61565
Nearby markets
Henry 61537Seller’s market $81 /sq ftLa Rose 61541Seller’s market $49 /sq ftLacon 61540Seller’s market $87 /sq ftSpeer 61479 $83 /sq ft Browse all markets →Towns like Sparland nearby
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Questions about Sparland real estate
Is Sparland a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Sparland, IL 61565 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 Sparland?
The typical home went under contract in 15 days in the latest three months.
Do homes in Sparland sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Sparland?
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 Sparland?
The median sale price was $211,858 in the three months ending August 31, 2026, about $101 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