Is Farmer City, IL 61842 a buyer’s or seller’s market?
Farmer City is a seller’s market. With about 1.6 months of supply and 25% 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 57% of U.S. ZIP codes, and #331 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 Farmer City housing market right now
In the three months ending August 31, 2026, 25% of homes in Farmer City, IL 61842 sold above their list price, the typical home went under contract in 57 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. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold more slowly (45 days then) and the median sale price rose 12% to $189,918. Overall, Farmer City is more competitive than a year ago, so tougher for buyers.
Within De Witt County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Farmer City ranks #331 of 464 IL ZIP codes with enough sales (score 56 out of 100).
Nearby, buyers who want less competition could look at Wapella 61777 (0% sold over asking) or Kenney 61749 (0% sold over asking), while Waynesville 61778 (100% sold over asking) and Weldon 61882 (67% sold over asking) are even more competitive.
Run the numbers for 61842
Nearby markets
Clinton 61727Seller’s market $93 /sq ftDewitt 61735Buyer’s market $222 /sq ftKenney 61749Seller’s market $131 /sq ftWapella 61777Seller’s market $115 /sq ft Browse all markets →Towns like Farmer City nearby
Find towns like Farmer City in other states →Where Farmer City is
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Questions about Farmer City real estate
Is Farmer City a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Farmer City, IL 61842 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 Farmer City?
The typical home went under contract in 57 days in the latest three months.
Do homes in Farmer City sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Farmer City?
About 1.78% of a home’s value a year in De Witt County, or roughly $7,120 on a $400,000 home.
What is the median home price in Farmer City?
The median sale price was $189,918 in the three months ending August 31, 2026, about $127 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