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LELAND, IL 60531

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The LELAND, IL real estate market (60531) currently shows 4 active listings, with 3 pending sales. Homes are averaging 158 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 158 days on market compared to 34 days last year.

The median listing price has fallen 4.6% year-over-year, from $239,900 to $228,900.

Whether you are buying or selling in LELAND, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,269  ·  Density: 14.3/mi²  ·  Median household income: $75,000

Typical home value: $223,303  ·  Homeownership: 71.2%

Market Overview

Active Listings
4
⇧ 300% vs 1 last year
Pending
3
75% pending ratio
Median Price
$228,900
⇩ 4.6% vs $239,900 last year
Average Price
$228,900
⇩ 4.6% vs $239,900 last year
Days on Market
158
⇧ 364.7% vs 34 days last year

Price Per Square Foot

Median $/sqft
$124
⇩ 1.6% vs $126/sqft last year
Median Home Size
1,822 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 1 last year
  • Days on market: 158 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $228,900 (-4.6% YoY)
  • Average: $228,900 (-4.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.6 miles — 163 listings ($60,443,011 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60531Leland, IL 605310.0 mi3$793,701$264,900$264,567
60518Earlville, IL 605187.1 mi10$2,699,000$217,500$269,900
60548Sandwich, IL 605488.1 mi18$6,292,494$350,000$349,583
60537Millington, IL 6053710.2 mi2$760,000$380,000$380,000
60550Shabbona, IL 6055012.1 mi3$839,250$279,750$279,750
61353Paw Paw, IL 6135312.2 mi3$843,900$245,000$281,300
60545Plano, IL 6054513.6 mi25$8,912,650$320,000$356,506
60541Newark, IL 6054115.0 mi6$3,009,180$559,000$501,530
61318Compton, IL 6131816.6 mi2$464,900$232,450$232,450
61350Ottawa, IL 6135017.3 mi72$31,249,008$376,200$434,014
61372Troy Grove, IL 6137218.5 mi1$208,000$208,000$208,000
60512Bristol, IL 6051218.8 mi2$1,324,000$662,000$662,000
61341Marseilles, IL 6134119.6 mi16$3,046,928$155,000$190,433

Frequently Asked Questions

How many homes are for sale in LELAND, IL 60531?

As of February 2026, there are 4 active listings in LELAND, IL (zip code 60531), compared to 1 the prior year.

What is the median home price in LELAND, IL 60531?

The median listing price in LELAND, IL 60531 is $228,900 as of February 2026, a 4.6% decrease from $239,900 the prior year.

How long do homes stay on the market in LELAND, IL?

Homes in LELAND, IL 60531 spend an average of 158 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in LELAND, IL 60531?

Based on current inventory and days-on-market data as of February 2026, LELAND, IL 60531 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 158 days on market compared to 34 days last year.

How much can I save on real estate commission in LELAND, IL?

With SELL123.com's maximum 3% commission, sellers in LELAND, IL 60531 save an estimated $4,578 compared to a typical 5% commission on the median listing price of $228,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.