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ELIZABETH, IL 61028

Real Estate Market Report  ·  Jo Daviess County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇩ 25% vs 8 last year
Pending
1
17% pending ratio
Median Price
$184,900
⇩ 33.5% vs $278,250 last year
Average Price
$183,360
⇩ 56.3% vs $419,639 last year
Days on Market
92
⇧ 187.5% vs 32 days last year

Market Context

Population: 1,639  ·  Density: 5.6/mi²  ·  Median household income: $70,703

Typical home value: $158,768  ·  Homeownership: 84.0%

Market Analysis

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

The ELIZABETH, IL real estate market (61028) currently shows 6 active listings, with 1 pending sales. Homes are averaging 92 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 taking longer to sell, averaging 92 days on market compared to 32 days last year.

The median listing price has fallen 33.5% year-over-year, from $278,250 to $184,900.

Whether you are buying or selling in ELIZABETH, 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: 6 this year vs 8 last year
  • Days on market: 92 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $184,900 (-33.5% YoY)
  • Average: $183,360 (-56.3% 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 24.1 miles — 143 listings ($56,566,971 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61028Elizabeth, IL 610280.0 mi6$1,100,160$184,900$183,360
61041Hanover, IL 610417.9 mi4$5,326,532$1,200,000$1,331,633
61001Apple River, IL 6100111.8 mi6$2,603,580$399,750$433,930
61036Galena, IL 6103614.5 mi87$36,054,975$310,000$414,425
61053Mount Carroll, IL 6105315.6 mi7$661,500$94,500$94,500
52064Miles, IA 5206415.8 mi1$144,900$144,900$144,900
61062Pearl City, IL 6106217.0 mi6$1,500,000$205,000$250,000
52771Teeds Grove, IA 5277119.5 mi1$22,000$22,000$22,000
53541Gratiot, WI 5354120.4 mi3$3,024,900$745,000$1,008,300
52069Preston, IA 5206921.0 mi3$457,350$152,450$152,450
61285Thomson, IL 6128521.9 mi5$1,090,000$214,500$218,000
61025East Dubuque, IL 6102523.3 mi9$2,967,174$359,000$329,686
61078Shannon, IL 6107824.1 mi5$1,613,900$350,000$322,780

Frequently Asked Questions

How many homes are for sale in ELIZABETH, IL 61028?

As of January 2026, there are 6 active listings in ELIZABETH, IL (zip code 61028), compared to 8 the prior year.

What is the median home price in ELIZABETH, IL 61028?

The median listing price in ELIZABETH, IL 61028 is $184,900 as of January 2026, a 33.5% decrease from $278,250 the prior year.

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

Homes in ELIZABETH, IL 61028 spend an average of 92 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in ELIZABETH, IL 61028?

Based on current inventory and days-on-market data as of January 2026, ELIZABETH, IL 61028 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 92 days on market compared to 32 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELIZABETH, IL 61028 save an estimated $3,698 compared to a typical 5% commission on the median listing price of $184,900. 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.