Is Yates City, IL 61572 a buyer’s or seller’s market?
Yates City is a seller’s market. With about 1.3 months of supply and 20% 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 Yates City housing market right now
In the three months ending August 31, 2026, 20% of homes in Yates City, IL 61572 sold above their list price, the typical home went under contract in 73 days and there were 1.3 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 rose from 0%, homes sold more slowly (12 days then) and the median sale price rose 67% to $134,942. Overall, Yates City is about as competitive as it was a year ago.
Within Knox County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell more often over asking than in 54%.
Nearby, buyers who want less competition could look at Williamsfield 61489 (0% sold over asking) or Wataga 61488 (0% sold over asking), while Maquon 61458 (50% sold over asking) and Victoria 61485 (50% sold over asking) are even more competitive.
Run the numbers for 61572
Nearby markets
Abingdon 61410Seller’s market $79 /sq ftAltona 61414Balanced $91 /sq ftDahinda 61428Seller’s market $185 /sq ftEast Galesburg 61430Seller’s market $126 /sq ft Browse all markets →Where Yates City is
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Questions about Yates City real estate
Is Yates City a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Yates City, IL 61572 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 Yates City?
The typical home went under contract in 73 days in the latest three months.
Do homes in Yates City sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Yates City?
About 1.96% of a home’s value a year in Knox County, or roughly $7,840 on a $400,000 home.
What is the median home price in Yates City?
The median sale price was $134,942 in the three months ending August 31, 2026, about $77 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