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MELVIN, IL 60952

Real Estate Market Report  ·  Ford County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MELVIN, IL real estate market (60952) currently shows 5 active listings, with 2 pending sales. Homes are averaging 141 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 141 days on market compared to 52 days last year.

The median listing price has risen 11.4% year-over-year, from $112,000 to $124,725.

Whether you are buying or selling in MELVIN, 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: 653  ·  Density: 6.0/mi²  ·  Median household income: $54,792

Typical home value: $90,413  ·  Homeownership: 85.3%

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
2
40% pending ratio
Median Price
$124,725
⇧ 11.4% vs $112,000 last year
Average Price
$132,875
⇧ 18.6% vs $112,000 last year
Days on Market
141
⇧ 171.2% vs 52 days last year

Price Per Square Foot

Median $/sqft
$96
⇧ 39.1% vs $69/sqft last year
Median Home Size
1,248 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 2 last year
  • Days on market: 141 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $124,725 (+11.4% YoY)
  • Average: $132,875 (+18.6% 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 20.2 miles — 93 listings ($17,485,374 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60952Melvin, IL 609520.0 mi5$572,270$93,725$114,454
61773Sibley, IL 617736.6 mi1$169,900$169,900$169,900
61775Strawn, IL 617758.6 mi2$849,000$424,500$424,500
60948Loda, IL 609489.6 mi8$2,140,632$253,550$267,579
60957Paxton, IL 6095710.4 mi18$3,002,526$144,925$166,807
60921Chatsworth, IL 6092112.0 mi4$710,548$189,900$177,637
60949Ludlow, IL 6094914.9 mi1$76,500$76,500$76,500
61741Forrest, IL 6174115.7 mi5$505,665$117,975$101,133
61770Saybrook, IL 6177016.7 mi4$651,800$186,000$162,950
61866Rantoul, IL 6186618.1 mi21$3,107,895$139,925$147,995
61843Fisher, IL 6184318.4 mi8$2,336,768$319,950$292,096
60924Cissna Park, IL 6092419.3 mi6$1,166,700$190,950$194,450
60938Gilman, IL 6093820.2 mi10$2,195,170$217,400$219,517

Frequently Asked Questions

How many homes are for sale in MELVIN, IL 60952?

As of March 2026, there are 5 active listings in MELVIN, IL (zip code 60952), compared to 2 the prior year.

What is the median home price in MELVIN, IL 60952?

The median listing price in MELVIN, IL 60952 is $124,725 as of March 2026, a 11.4% increase from $112,000 the prior year.

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

Homes in MELVIN, IL 60952 spend an average of 141 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in MELVIN, IL 60952?

Based on current inventory and days-on-market data as of March 2026, MELVIN, IL 60952 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 141 days on market compared to 52 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MELVIN, IL 60952 save an estimated $2,495 compared to a typical 5% commission on the median listing price of $124,725. 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.