Is Hopedale, IL 61747 a buyer’s or seller’s market?

The Hopedale housing market right now

In the three months ending August 31, 2026, 50% of homes in Hopedale, IL 61747 sold above their list price, the typical home went under contract in 6 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 rose from 0%, homes sold faster (10 days then) and the median sale price rose 54% to $208,410. Overall, Hopedale is more competitive than a year ago, so tougher for buyers.

Within Tazewell County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 71%.

Nearby, buyers who want less competition could look at Deer Creek 61733 (0% sold over asking) or South Pekin 61564 (0% sold over asking), while Tremont 61568 (55% sold over asking) and East Peoria 61611 (53% sold over asking) are even more competitive.