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Is Allerton, IL 61810 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Allerton is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.6%Sold price ÷ list price
Median days on market126Listing to accepted offer
Median price per sq ft$81▼ −34.9% vs. last year

The Allerton housing market right now

In the three months ending August 31, 2026, 0% of homes in Allerton, IL 61810 sold above their list price, the typical home went under contract in 126 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 more slowly (118 days then) and the median sale price fell 42% to $129,944. Overall, Allerton is about as competitive as it was a year ago.

Within Vermilion County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.

Run the numbers for 61810

Prefilled for 61810Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61810Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alvin 61811Seller’s market $176 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ftCatlin 61817Seller’s market $113 /sq ft Browse all markets →

Where Allerton is

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Questions about Allerton real estate

Is Allerton a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Allerton, IL 61810 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 Allerton?

The typical home went under contract in 126 days in the latest three months.

Do homes in Allerton sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.6% of the list price.

What are property taxes in Allerton?

About 1.81% of a home’s value a year in Vermilion County, or roughly $7,240 on a $400,000 home.

What is the median home price in Allerton?

The median sale price was $129,944 in the three months ending August 31, 2026, about $81 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