Is Goodfield, IL 61742 a buyer’s or seller’s market?
Goodfield is a seller’s market. With about 1.6 months of supply and 0% 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 Goodfield housing market right now
In the three months ending August 31, 2026, 0% of homes in Goodfield, IL 61742 sold above their list price, the typical home went under contract in 66 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 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 fell from 50%, homes sold more slowly (18 days then) and the median sale price fell 13% to $208,243. Overall, Goodfield is less competitive than a year ago, which gives buyers more room.
Within Woodford County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Secor 61771 (50% sold over asking) and Washburn 61570 (38% sold over asking) are even more competitive.
Run the numbers for 61742
Nearby markets
Benson 61516Buyer’s market $125 /sq ftCarlock 61725Seller’s market $135 /sq ftCongerville 61729 — /sq ftEl Paso 61738Seller’s market $98 /sq ft Browse all markets →Towns like Goodfield nearby
Find towns like Goodfield in other states →Where Goodfield is
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Questions about Goodfield real estate
Is Goodfield a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Goodfield, IL 61742 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 Goodfield?
The typical home went under contract in 66 days in the latest three months.
Do homes in Goodfield sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Goodfield?
About 2.13% of a home’s value a year in Woodford County, or roughly $8,520 on a $400,000 home.
What is the median home price in Goodfield?
The median sale price was $208,243 in the three months ending August 31, 2026, about $87 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