Is Monticello, IL 61856 a buyer’s or seller’s market?

The Monticello housing market right now

In the three months ending August 31, 2026, 26% of homes in Monticello, IL 61856 sold above their list price, the typical home went under contract in 36 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 36 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (42 days then) and the median sale price rose 1% to $283,927. Overall, Monticello is less competitive than a year ago, which gives buyers more room.

Within Piatt County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Monticello ranks #332 of 464 IL ZIP codes with enough sales (score 56 out of 100).

Nearby, buyers who want less competition could look at La Place 61936 (0% sold over asking) or Hammond 61929 (0% sold over asking), while Mansfield 61854 (50% sold over asking) and White Heath 61884 (50% sold over asking) are even more competitive.