Is Sullivan, IL 61951 a buyer’s or seller’s market?
Sullivan 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.
More competitive than 54% of U.S. ZIP codes, and #354 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Sullivan housing market right now
In the three months ending August 31, 2026, 33% of homes in Sullivan, IL 61951 sold above their list price, the typical home went under contract in 49 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. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold more slowly (29 days then) and the median sale price fell 1% to $154,933. Overall, Sullivan is more competitive than a year ago, so tougher for buyers.
On our competition score, Sullivan ranks #354 of 464 IL ZIP codes with enough sales (score 53 out of 100).
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 61951
Nearby markets
Arthur 61911Seller’s market $88 /sq ftBethany 61914Seller’s market $149 /sq ftLovington 61937Seller’s market $84 /sq ft Browse all markets →Towns like Sullivan nearby
Find towns like Sullivan in other states →Where Sullivan is
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Questions about Sullivan real estate
Is Sullivan a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Sullivan, IL 61951 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 Sullivan?
The typical home went under contract in 49 days in the latest three months.
Do homes in Sullivan sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Sullivan?
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 Sullivan?
The median sale price was $154,933 in the three months ending August 31, 2026, about $129 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