Is Irving, IL 62051 a buyer’s or seller’s market?
Irving is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Irving housing market right now
In the three months ending August 31, 2026, 0% of homes in Irving, IL 62051 sold above their list price, the typical home went under contract in 0 days and there were 9.6 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.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (14 days then) and the median sale price fell 32% to $124,946. Overall, Irving is less competitive than a year ago, which gives buyers more room.
Within Montgomery County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Coffeen 62017 (100% sold over asking) and Panama 62077 (50% sold over asking) are even more competitive.
Run the numbers for 62051
Nearby markets
Coffeen 62017 $136 /sq ftFarmersville 62533 — /sq ftHarvel 62538Buyer’s market — /sq ftHillsboro 62049Seller’s market $96 /sq ft Browse all markets →Where Irving is
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Questions about Irving real estate
Is Irving a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Irving, IL 62051 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 Irving?
The typical home went under contract in 0 days in the latest three months.
Do homes in Irving sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Irving?
About 1.68% of a home’s value a year in Montgomery County, or roughly $6,720 on a $400,000 home.
What is the median home price in Irving?
The median sale price was $124,946 in the three months ending August 31, 2026, about $91 per square foot.
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More tools for 62051
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology