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FARMINGTON, IL 61531

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The FARMINGTON, IL real estate market (61531) currently shows 7 active listings, with 3 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 77 days on market compared to 89 days last year.

The median listing price has fallen 28.7% year-over-year, from $158,575 to $113,000.

Whether you are buying or selling in FARMINGTON, 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: 3,144  ·  Density: 21.5/mi²  ·  Median household income: $63,276

Typical home value: $115,630  ·  Homeownership: 78.1%

Market Overview

Active Listings
7
vs 7 last year
Pending
3
43% pending ratio
Median Price
$113,000
⇩ 28.7% vs $158,575 last year
Average Price
$243,398
⇧ 41.7% vs $171,815 last year
Days on Market
77
⇩ 13.5% vs 89 days last year

Price Per Square Foot

Median $/sqft
$94
vs $94/sqft last year
Median Home Size
1,535 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 77 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $113,000 (-28.7% YoY)
  • Average: $243,398 (+41.7% 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 21.1 miles — 153 listings ($24,695,866 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61531Farmington, IL 615310.0 mi6$971,700$114,900$161,950
61572Yates City, IL 615727.9 mi2$237,900$118,950$118,950
61520Canton, IL 615209.8 mi64$8,476,544$110,055$132,446
61536Hanna City, IL 6153613.0 mi8$1,281,832$140,000$160,229
61517Brimfield, IL 6151713.6 mi5$2,148,800$499,000$429,760
61427Cuba, IL 6142715.2 mi10$3,652,570$290,000$365,257
61539Kingston Mines, IL 6153916.3 mi1$107,000$107,000$107,000
61489Williamsfield, IL 6148917.4 mi1$245,500$245,500$245,500
61428Dahinda, IL 6142817.7 mi5$3,756,125$682,500$751,225
61477Smithfield, IL 6147719.6 mi1$99,900$99,900$99,900
61546Manito, IL 6154620.1 mi10$1,624,500$135,000$162,450
61415Avon, IL 6141520.7 mi7$794,780$79,950$113,540
61605Peoria, IL 6160521.1 mi33$1,298,715$37,450$39,355

Frequently Asked Questions

How many homes are for sale in FARMINGTON, IL 61531?

As of February 2026, there are 7 active listings in FARMINGTON, IL (zip code 61531), compared to 7 the prior year.

What is the median home price in FARMINGTON, IL 61531?

The median listing price in FARMINGTON, IL 61531 is $113,000 as of February 2026, a 28.7% decrease from $158,575 the prior year.

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

Homes in FARMINGTON, IL 61531 spend an average of 77 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in FARMINGTON, IL 61531?

Based on current inventory and days-on-market data as of February 2026, FARMINGTON, IL 61531 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 77 days on market compared to 89 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FARMINGTON, IL 61531 save an estimated $2,260 compared to a typical 5% commission on the median listing price of $113,000. 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.