Is Anchor, IL 61720 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Anchor is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list99.5%Sold price ÷ list price

Median days on market43Listing to accepted offer

Median price per sq ft$124▲ +74.1% vs. last year

The Anchor housing market right now

In the three months ending August 31, 2026, 0% of homes in Anchor, IL 61720 sold above their list price and the typical home went under contract in 43 days. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (82 days then) and the median sale price held steady to $216,406. Overall, Anchor is more competitive than a year ago, so tougher for buyers.

Within McLean County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Arrowsmith 61722 (100% sold over asking) and Shirley 61772 (100% sold over asking) are even more competitive.

About the area

McLean County, IL

Population	374
Median income	$91,250
Average income	$118,674
Median home value	$110,800
Owner-occupied	63% of homes
Median year built	1949

Natural hazard riskTornadoes (moderate), winter storms (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 61720; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 61720

Prefilled for 61720Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61720Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arrowsmith 61722Seller’s market $114 /sq ft Bellflower 61724Seller’s market $182 /sq ft Bloomington 61701Seller’s market $114 /sq ft Bloomington 61704Seller’s market $117 /sq ft Browse all markets →

Where Anchor is

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Questions about Anchor real estate

How fast do homes sell in Anchor?

The typical home went under contract in 43 days in the latest three months.

Do homes in Anchor sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.

What are property taxes in Anchor?

About 2.17% of a home’s value a year in McLean County, or roughly $8,680 on a $400,000 home.

What is the median home price in Anchor?

The median sale price was $216,406 in the three months ending August 31, 2026, about $124 per square foot.

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More tools for 61720

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value McLean County property taxes McLean County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology