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ALEDO, IL 61231

Real Estate Market Report  ·  Mercer County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ALEDO, IL real estate market (61231) currently shows 20 active listings, with 6 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 71 days on market compared to 40 days last year.

The median listing price has risen 27.6% year-over-year, from $139,000 to $177,400.

Whether you are buying or selling in ALEDO, 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: 5,158  ·  Density: 13.0/mi²  ·  Median household income: $59,551

Typical home value: $130,504  ·  Homeownership: 62.8%

Market Overview

Active Listings
20
⇩ 4.8% vs 21 last year
Pending
6
30% pending ratio
Median Price
$177,400
⇧ 27.6% vs $139,000 last year
Average Price
$201,253
⇧ 31% vs $153,579 last year
Days on Market
71
⇧ 77.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$109
⇧ 17.2% vs $93/sqft last year
Median Home Size
1,478 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 21 last year
  • Days on market: 71 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $177,400 (+27.6% YoY)
  • Average: $201,253 (+31% 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 — 180 listings ($31,094,192 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61231Aledo, IL 612310.0 mi17$3,540,913$178,650$208,289
61486Viola, IL 614867.7 mi5$766,520$142,500$153,304
61260Joy, IL 612608.6 mi5$684,790$97,500$136,958
61276Preemption, IL 6127610.5 mi1$113,900$113,900$113,900
61281Sherrard, IL 6128112.2 mi6$1,475,442$268,750$245,907
61442Keithsburg, IL 6144212.9 mi2$77,500$38,750$38,750
61453Little York, IL 6145313.9 mi1$125,000$125,000$125,000
61272New Boston, IL 6127215.0 mi2$319,500$159,750$159,750
61259Illinois City, IL 6125916.1 mi1$308,500$308,500$308,500
61413Alpha, IL 6141318.3 mi5$627,375$125,475$125,475
61262Lynn Center, IL 6126219.5 mi1$99,900$99,900$99,900
61201Rock Island, IL 6120119.8 mi122$18,405,652$129,950$150,866
52726Blue Grass, IA 5272620.2 mi12$4,549,200$302,450$379,100

Frequently Asked Questions

How many homes are for sale in ALEDO, IL 61231?

As of March 2026, there are 20 active listings in ALEDO, IL (zip code 61231), compared to 21 the prior year.

What is the median home price in ALEDO, IL 61231?

The median listing price in ALEDO, IL 61231 is $177,400 as of March 2026, a 27.6% increase from $139,000 the prior year.

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

Homes in ALEDO, IL 61231 spend an average of 71 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in ALEDO, IL 61231?

Based on current inventory and days-on-market data as of March 2026, ALEDO, IL 61231 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 71 days on market compared to 40 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ALEDO, IL 61231 save an estimated $3,548 compared to a typical 5% commission on the median listing price of $177,400. 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.