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Is Potomac, IL 61865 a buyer’s or seller’s market?

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

Potomac is a seller’s market. With about 3.2 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.2%Sold price ÷ list price
Median days on market70Listing to accepted offer
Median price per sq ft$43

The Potomac housing market right now

In the three months ending August 31, 2026, 0% of homes in Potomac, IL 61865 sold above their list price, the typical home went under contract in 70 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

Within Vermilion County, homes here sell more slowly than in 88% of the county’s ZIP codes, and sell 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 61865

Prefilled for 61865Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61865Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Allerton 61810Buyer’s market $81 /sq ftAlvin 61811Seller’s market $176 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ft Browse all markets →

Towns like Potomac nearby

Find towns like Potomac in other states →
Milford, IL60953 · 23 miles away83% similarlarger Georgetown, IL61846 · 25 miles away79% similarcheaper homes ($33K less) · larger Chatsworth, IL60921 · 39 miles away75% similaryounger residents Newman, IL61942 · 37 miles away71% similarolder residents

Where Potomac is

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Questions about Potomac real estate

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

A seller’s market: there were 3.2 months of supply in Potomac, IL 61865 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 Potomac?

The typical home went under contract in 70 days in the latest three months.

Do homes in Potomac sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.

What are property taxes in Potomac?

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 Potomac?

The median sale price was $64,972 in the three months ending August 31, 2026, about $43 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