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GILMAN, IL 60938

Real Estate Market Report  ·  Iroquois County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
12
⇧ 71.4% vs 7 last year
Pending
4
33% pending ratio
Median Price
$227,400
⇧ 81.9% vs $125,000 last year
Average Price
$229,775
⇧ 52.1% vs $151,100 last year
Days on Market
103
⇧ 7.3% vs 96 days last year

Market Context

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

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

Market Analysis

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

The GILMAN, IL real estate market (60938) currently shows 12 active listings, with 4 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 103 days on market compared to 96 days last year.

The median listing price has risen 81.9% year-over-year, from $125,000 to $227,400.

Whether you are buying or selling in GILMAN, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 7 last year
  • Days on market: 103 now vs 96 last year

Median & Average Pricing

Year over Year
  • Median: $227,400 (+81.9% YoY)
  • Average: $229,775 (+52.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.0 miles — 60 listings ($11,680,161 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60938Gilman, IL 609380.0 mi12$2,757,300$227,400$229,775
60955Onarga, IL 609555.1 mi1$149,900$149,900$149,900
60928Crescent City, IL 609287.2 mi4$1,019,600$254,900$254,900
60959Piper City, IL 6095910.5 mi3$299,250$99,750$99,750
60918Buckley, IL 6091812.5 mi4$426,000$110,000$106,500
60974Woodland, IL 6097413.5 mi1$120,000$120,000$120,000
60962Roberts, IL 6096214.9 mi4$319,800$79,950$79,950
60924Cissna Park, IL 6092415.8 mi5$1,151,900$250,000$230,380
60921Chatsworth, IL 6092116.2 mi6$1,192,302$212,250$198,717
60948Loda, IL 6094818.0 mi7$1,797,299$249,900$256,757
60941Herscher, IL 6094119.0 mi5$997,250$202,450$199,450
60919Cabery, IL 6091919.9 mi2$290,000$145,000$145,000
60966Sheldon, IL 6096621.0 mi6$1,159,560$69,900$193,260

Frequently Asked Questions

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

As of January 2026, there are 12 active listings in GILMAN, IL (zip code 60938), compared to 7 the prior year.

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

The median listing price in GILMAN, IL 60938 is $227,400 as of January 2026, a 81.9% increase from $125,000 the prior year.

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

Homes in GILMAN, IL 60938 spend an average of 103 days on the market before going under contract, compared to 96 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 January 2026, GILMAN, IL 60938 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 103 days on market compared to 96 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 $4,548 compared to a typical 5% commission on the median listing price of $227,400. 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.