Is Hammond, IL 61929 a buyer’s or seller’s market?
Hammond 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.
The Hammond housing market right now
In the three months ending August 31, 2026, 0% of homes in Hammond, IL 61929 sold above their list price, the typical home went under contract in 49 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.
Within Piatt County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Mansfield 61854 (50% sold over asking) and White Heath 61884 (50% sold over asking) are even more competitive.
Run the numbers for 61929
Nearby markets
Atwood 61913Seller’s market $73 /sq ftBement 61813Buyer’s market $94 /sq ftCerro Gordo 61818Balanced $86 /sq ftCisco 61830 — /sq ft Browse all markets →Where Hammond is
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Questions about Hammond real estate
Is Hammond a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Hammond, IL 61929 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 Hammond?
The typical home went under contract in 49 days in the latest three months.
Do homes in Hammond sell over asking?
0% of homes sold above their original list price.
What are property taxes in Hammond?
About 1.81% of a home’s value a year in Piatt County, or roughly $7,240 on a $400,000 home.
What is the median home price in Hammond?
The median sale price was $29,987 in the three months ending August 31, 2026, about $34 per square foot.
Local agents
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More tools for 61929
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology