Is Lovington, IL 61937 a buyer’s or seller’s market?
Lovington is a seller’s market. With about 3.2 months of supply and 33% 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.
The Lovington housing market right now
In the three months ending August 31, 2026, 33% of homes in Lovington, IL 61937 sold above their list price, the typical home went under contract in 86 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 3 sales, 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 (23 days then) and the median sale price rose 134% to $214,907. Overall, Lovington is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Bethany 61914 (14% sold over asking) or Arthur 61911 (25% sold over asking).
Run the numbers for 61937
Nearby markets
Arthur 61911Seller’s market $88 /sq ftBethany 61914Seller’s market $149 /sq ftSullivan 61951Seller’s market $129 /sq ft Browse all markets →Towns like Lovington nearby
Find towns like Lovington in other states →Where Lovington is
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Questions about Lovington real estate
Is Lovington a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Lovington, IL 61937 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 Lovington?
The typical home went under contract in 86 days in the latest three months.
Do homes in Lovington sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 94.7% of the list price.
What are property taxes in Lovington?
About 1.80% of a home’s value a year in Moultrie County, or roughly $7,200 on a $400,000 home.
What is the median home price in Lovington?
The median sale price was $214,907 in the three months ending August 31, 2026, about $84 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