Is La Place, IL 61936 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

La Place is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list92.4%Sold price ÷ list price

Median days on market226Listing to accepted offer

Median price per sq ft$122▼ −21.6% vs. last year

The La Place housing market right now

In the three months ending August 31, 2026, 0% of homes in La Place, IL 61936 sold above their list price and the typical home went under contract in 226 days. 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 fell from 100%, homes sold more slowly (41 days then) and the median sale price fell 66% to $101,456. Overall, La Place is less competitive than a year ago, which gives buyers more room.

Within Piatt County, homes here sell more slowly, and 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.

About the area

Piatt County, IL

Population	170
Average income	$56,423
Median home value	$86,800
Owner-occupied	100% of homes
Median year built	1954

Natural hazard riskWinter storms (relatively high), earthquakes (moderate), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 61936; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 61936

Prefilled for 61936Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61936Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Atwood 61913Seller’s market $73 /sq ft Bement 61813Buyer’s market $94 /sq ft Cerro Gordo 61818Balanced $86 /sq ft Cisco 61830 — /sq ft Browse all markets →

Where La Place is

Loading map…

Questions about La Place real estate

How fast do homes sell in La Place?

The typical home went under contract in 226 days in the latest three months.

Do homes in La Place sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.4% of the list price.

What are property taxes in La Place?

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 La Place?

The median sale price was $101,456 in the three months ending August 31, 2026, about $122 per square foot.

Local agents

See all agents in 61936 →

No sponsored agents in 61936 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 61936

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Piatt County property taxes Piatt County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="61936"><a href="https://offerbacked.com/market/61936">La Place, IL 61936 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology