Is Toledo, IL 62468 a buyer’s or seller’s market?
Toledo is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Toledo housing market right now
In the three months ending August 31, 2026, 25% of homes in Toledo, IL 62468 sold above their list price, the typical home went under contract in 21 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 fell from 29%, homes sold faster (26 days then) and the median sale price fell 33% to $106,204. Overall, Toledo is about as competitive as it was a year ago.
Nearby, buyers who want less competition could look at Trilla 62469 (0% sold over asking) or Neoga 62447 (0% sold over asking).
Run the numbers for 62468
Nearby markets
Greenup 62428Seller’s market $105 /sq ftJewett 62436 — /sq ftNeoga 62447Seller’s market $151 /sq ftTrilla 62469 $110 /sq ft Browse all markets →Towns like Toledo nearby
Find towns like Toledo in other states →Where Toledo is
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Questions about Toledo real estate
Is Toledo a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Toledo, IL 62468 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 Toledo?
The typical home went under contract in 21 days in the latest three months.
Do homes in Toledo sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Toledo?
About 1.59% of a home’s value a year in Cumberland County, or roughly $6,360 on a $400,000 home.
What is the median home price in Toledo?
The median sale price was $106,204 in the three months ending August 31, 2026, about $92 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