Is Newman, IL 61942 a buyer’s or seller’s market?
Newman is a seller’s market. With about 1.6 months of supply and 25% 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 Newman housing market right now
In the three months ending August 31, 2026, 25% of homes in Newman, IL 61942 sold above their list price, the typical home went under contract in 10 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (156 days then) and the median sale price fell 34% to $111,702. Overall, Newman is more competitive than a year ago, so tougher for buyers.
Within Douglas County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 80%.
Nearby, buyers who want less competition could look at Hindsboro 61930 (0% sold over asking), while Camargo 61919 (50% sold over asking) and Villa Grove 61956 (30% sold over asking) are even more competitive.
Run the numbers for 61942
Nearby markets
Arcola 61910Seller’s market $108 /sq ftCamargo 61919 $98 /sq ftHindsboro 61930Seller’s market $92 /sq ftTuscola 61953Seller’s market $138 /sq ft Browse all markets →Towns like Newman nearby
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Questions about Newman real estate
Is Newman a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Newman, IL 61942 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 Newman?
The typical home went under contract in 10 days in the latest three months.
Do homes in Newman sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Newman?
About 1.70% of a home’s value a year in Douglas County, or roughly $6,800 on a $400,000 home.
What is the median home price in Newman?
The median sale price was $111,702 in the three months ending August 31, 2026, about $91 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