Is Chenoa, IL 61726 a buyer’s or seller’s market?
Chenoa is a seller’s market. With about 1.7 months of supply and 33% 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.
More competitive than 62% of U.S. ZIP codes, and #299 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Chenoa housing market right now
In the three months ending August 31, 2026, 33% of homes in Chenoa, IL 61726 sold above their list price, the typical home went under contract in 49 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (64 days then) and the median sale price rose 47% to $179,922. Overall, Chenoa is more competitive than a year ago, so tougher for buyers.
Within McLean County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Chenoa ranks #299 of 464 IL ZIP codes with enough sales (score 60 out of 100).
Nearby, buyers who want less competition could look at Towanda 61776 (0% sold over asking) or Mc Lean 61754 (0% sold over asking), while Arrowsmith 61722 (100% sold over asking) and Shirley 61772 (100% sold over asking) are even more competitive.
Run the numbers for 61726
Nearby markets
Anchor 61720 $124 /sq ftArrowsmith 61722Seller’s market $114 /sq ftBellflower 61724Seller’s market $182 /sq ftBloomington 61701Seller’s market $114 /sq ft Browse all markets →Towns like Chenoa nearby
Find towns like Chenoa in other states →Where Chenoa is
Loading map…
Questions about Chenoa real estate
Is Chenoa a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Chenoa, IL 61726 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 Chenoa?
The typical home went under contract in 49 days in the latest three months.
Do homes in Chenoa sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Chenoa?
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 Chenoa?
The median sale price was $179,922 in the three months ending August 31, 2026, about $112 per square foot.
Local agents
See all agents in 61726 →No sponsored agents in 61726 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61726
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology