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GILMAN, IL 60938

Real Estate Market Report  ·  Iroquois County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The GILMAN, IL real estate market (60938) currently shows 7 active listings, with 1 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 37 days on market compared to 93 days last year.

The median listing price has fallen 15.3% year-over-year, from $227,000 to $192,350.

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Market Context

Market Context

Population: 1,718  ·  Density: 13.0/mi²  ·  Median household income: $66,034

Typical home value: $115,244  ·  Homeownership: 80.6%

Market Overview

Active Listings
7
⇩ 22.2% vs 9 last year
Pending
1
14% pending ratio
Median Price
$192,350
⇩ 15.3% vs $227,000 last year
Average Price
$206,321
⇩ 0.8% vs $208,079 last year
Days on Market
37
⇩ 60.2% vs 93 days last year

Price Per Square Foot

Median $/sqft
$106
⇩ 1.9% vs $108/sqft last year
Median Home Size
2,104 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 9 last year
  • Days on market: 37 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $192,350 (-15.3% YoY)
  • Average: $206,321 (-0.8% 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 21.0 miles — 57 listings ($11,480,728 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60938Gilman, IL 609380.0 mi10$2,195,170$217,400$219,517
60955Onarga, IL 609555.1 mi2$329,900$164,950$164,950
60928Crescent City, IL 609287.2 mi4$1,019,600$254,900$254,900
60959Piper City, IL 6095910.5 mi2$256,250$128,125$128,125
60918Buckley, IL 6091812.5 mi4$828,268$176,200$207,067
60974Woodland, IL 6097413.5 mi1$120,000$120,000$120,000
60962Roberts, IL 6096214.9 mi3$217,350$72,450$72,450
60924Cissna Park, IL 6092415.8 mi6$1,166,700$190,950$194,450
60921Chatsworth, IL 6092116.2 mi4$710,548$189,900$177,637
60948Loda, IL 6094818.0 mi8$2,140,632$253,550$267,579
60941Herscher, IL 6094119.0 mi5$1,049,750$209,950$209,950
60919Cabery, IL 6091919.9 mi2$290,000$145,000$145,000
60966Sheldon, IL 6096621.0 mi6$1,156,560$69,900$192,760

Frequently Asked Questions

How many homes are for sale in GILMAN, IL 60938?

As of September 2026, there are 7 active listings in GILMAN, IL (zip code 60938), compared to 9 the prior year.

What is the median home price in GILMAN, IL 60938?

The median listing price in GILMAN, IL 60938 is $192,350 as of September 2026, a 15.3% decrease from $227,000 the prior year.

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

Homes in GILMAN, IL 60938 spend an average of 37 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in GILMAN, IL 60938?

Based on current inventory and days-on-market data as of September 2026, GILMAN, IL 60938 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 37 days on market compared to 93 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GILMAN, IL 60938 save an estimated $3,847 compared to a typical 5% commission on the median listing price of $192,350. 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.