Call or Text (240) SELL-123

ALEDO, IL 61231

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

Market Overview

Active Listings
20
⇧ 25% vs 16 last year
Pending
6
30% pending ratio
Median Price
$142,450
⇧ 7.8% vs $132,175 last year
Average Price
$189,393
⇧ 31.4% vs $144,092 last year
Days on Market
92
⇧ 114% vs 43 days last year

Market Context

Population: 5,158  ·  Density: 13.0/mi²  ·  Median household income: $59,551

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

Market Analysis

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

The ALEDO, IL real estate market (61231) currently shows 20 active listings, with 6 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 92 days on market compared to 43 days last year.

The median listing price has risen 7.8% year-over-year, from $132,175 to $142,450.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for ALEDO, IL 61231 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 16 last year
  • Days on market: 92 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $142,450 (+7.8% YoY)
  • Average: $189,393 (+31.4% 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 19.9 miles — 75 listings ($15,784,261 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61231Aledo, IL 612310.0 mi20$3,787,860$142,450$189,393
61486Viola, IL 614867.7 mi5$783,210$150,833$156,642
61260Joy, IL 612608.6 mi5$706,125$112,500$141,225
61276Preemption, IL 6127610.5 mi1$114,400$114,400$114,400
61281Sherrard, IL 6128112.2 mi6$1,226,280$249,900$204,380
61442Keithsburg, IL 6144212.9 mi1$62,500$62,500$62,500
61453Little York, IL 6145313.9 mi1$125,000$125,000$125,000
61264Milan, IL 6126414.4 mi21$6,976,767$157,000$332,227
61232Andalusia, IL 6123215.1 mi2$350,000$175,000$175,000
52728Buffalo, IA 5272817.0 mi5$297,750$51,750$59,550
61472Rio, IL 6147219.2 mi2$280,900$140,450$140,450
61273Orion, IL 6127319.8 mi3$663,768$238,900$221,256
61469Oquawka, IL 6146919.9 mi3$409,701$89,900$136,567

Frequently Asked Questions

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

As of January 2026, there are 20 active listings in ALEDO, IL (zip code 61231), compared to 16 the prior year.

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

The median listing price in ALEDO, IL 61231 is $142,450 as of January 2026, a 7.8% increase from $132,175 the prior year.

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

Homes in ALEDO, IL 61231 spend an average of 92 days on the market before going under contract, compared to 43 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 January 2026, ALEDO, IL 61231 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 43 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 $2,849 compared to a typical 5% commission on the median listing price of $142,450. 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.