Is Tremont, IL 61568 a buyer’s or seller’s market?
Tremont is a seller’s market. With about 0.9 months of supply and 55% 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 Tremont housing market right now
In the three months ending August 31, 2026, 55% of homes in Tremont, IL 61568 sold above their list price, the typical home went under contract in 3 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (33 days then) and the median sale price rose 62% to $359,844. Overall, Tremont is more competitive than a year ago, so tougher for buyers.
Within Tazewell County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Deer Creek 61733 (0% sold over asking) or South Pekin 61564 (0% sold over asking).
Run the numbers for 61568
Nearby markets
Armington 61721 — /sq ftCreve Coeur 61610Seller’s market $102 /sq ftDeer Creek 61733Seller’s market $113 /sq ftDelavan 61734Seller’s market $100 /sq ft Browse all markets →Towns like Tremont nearby
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Questions about Tremont real estate
Is Tremont a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Tremont, IL 61568 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 Tremont?
The typical home went under contract in 3 days in the latest three months.
Do homes in Tremont sell over asking?
55% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.
What are property taxes in Tremont?
About 2.11% of a home’s value a year in Tazewell County, or roughly $8,440 on a $400,000 home.
What is the median home price in Tremont?
The median sale price was $359,844 in the three months ending August 31, 2026, about $128 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