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PREEMPTION, IL 61276

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

Market Analysis

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

The PREEMPTION, IL real estate market (61276) currently shows 2 active listings, with 1 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56 days on market compared to 10 days last year.

The median listing price has risen 105.7% year-over-year, from $57,700 to $118,675.

Whether you are buying or selling in PREEMPTION, 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: 77  ·  Density: 87.7/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$118,675
⇧ 105.7% vs $57,700 last year
Average Price
$118,675
⇧ 105.7% vs $57,700 last year
Days on Market
56
⇧ 460% vs 10 days last year

Price Per Square Foot

Median $/sqft
$75
⇧ 92.3% vs $39/sqft last year
Median Home Size
1,585 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 56 now vs 10 last year

Median & Average Pricing

Year over Year
  • Median: $118,675 (+105.7% YoY)
  • Average: $118,675 (+105.7% 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 16.8 miles — 385 listings ($66,842,816 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61276Preemption, IL 612760.0 mi1$113,900$113,900$113,900
61263Matherville, IL 612633.8 mi3$494,700$164,900$164,900
61279Reynolds, IL 612797.9 mi2$384,500$192,250$192,250
61465New Windsor, IL 614659.5 mi3$264,750$87,875$88,250
61284Taylor Ridge, IL 6128410.4 mi3$1,019,700$339,900$339,900
61240Coal Valley, IL 6124010.6 mi14$3,339,084$272,250$238,506
61232Andalusia, IL 6123211.2 mi4$999,600$249,900$249,900
61265Moline, IL 6126512.3 mi124$21,505,320$137,725$173,430
52802Davenport, IA 5280213.0 mi52$7,095,140$108,350$136,445
61233Andover, IL 6123314.9 mi2$455,000$227,500$227,500
52803Davenport, IA 5280315.4 mi90$13,574,160$134,450$150,824
52804Davenport, IA 5280416.1 mi82$16,912,172$168,225$206,246
61260Joy, IL 6126016.8 mi5$684,790$97,500$136,958

Frequently Asked Questions

How many homes are for sale in PREEMPTION, IL 61276?

As of March 2026, there are 2 active listings in PREEMPTION, IL (zip code 61276), compared to 1 the prior year.

What is the median home price in PREEMPTION, IL 61276?

The median listing price in PREEMPTION, IL 61276 is $118,675 as of March 2026, a 105.7% increase from $57,700 the prior year.

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

Homes in PREEMPTION, IL 61276 spend an average of 56 days on the market before going under contract, compared to 10 days the prior year.

Is it a seller's or buyer's market in PREEMPTION, IL 61276?

Based on current inventory and days-on-market data as of March 2026, PREEMPTION, IL 61276 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 10 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PREEMPTION, IL 61276 save an estimated $2,374 compared to a typical 5% commission on the median listing price of $118,675. 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.