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WATAGA, IL 61488

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

Market Analysis

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

The WATAGA, IL real estate market (61488) currently shows 4 active listings, with 1 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 49 days on market compared to 18 days last year.

The median listing price has fallen 8.5% year-over-year, from $138,675 to $126,900.

Whether you are buying or selling in WATAGA, 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: 1,284  ·  Density: 21.0/mi²  ·  Median household income: $63,684

Typical home value: $118,018  ·  Homeownership: 79.2%

Market Overview

Active Listings
4
vs 4 last year
Pending
1
25% pending ratio
Median Price
$126,900
⇩ 8.5% vs $138,675 last year
Average Price
$165,567
⇧ 17.3% vs $141,192 last year
Days on Market
49
⇧ 172.2% vs 18 days last year

Price Per Square Foot

Median $/sqft
$124
⇧ 53.1% vs $81/sqft last year
Median Home Size
1,237 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 49 now vs 18 last year

Median & Average Pricing

Year over Year
  • Median: $126,900 (-8.5% YoY)
  • Average: $165,567 (+17.3% 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
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 21.4 miles — 110 listings ($17,497,672 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61488Wataga, IL 614880.0 mi3$491,700$126,900$163,900
61430East Galesburg, IL 614306.0 mi3$842,850$280,950$280,950
61401Galesburg, IL 614016.9 mi71$10,921,717$118,700$153,827
61414Altona, IL 6141410.9 mi1$91,900$91,900$91,900
61413Alpha, IL 6141311.5 mi5$627,375$125,475$125,475
61436Gilson, IL 6143612.9 mi1$117,500$117,500$117,500
61423Cameron, IL 6142313.8 mi2$76,900$38,450$38,450
61465New Windsor, IL 6146514.4 mi3$264,750$87,875$88,250
61489Williamsfield, IL 6148916.7 mi1$245,500$245,500$245,500
61486Viola, IL 6148617.6 mi5$766,520$142,500$153,304
61233Andover, IL 6123318.3 mi2$455,000$227,500$227,500
61238Cambridge, IL 6123819.3 mi7$1,120,518$141,900$160,074
61281Sherrard, IL 6128121.4 mi6$1,475,442$268,750$245,907

Frequently Asked Questions

How many homes are for sale in WATAGA, IL 61488?

As of March 2026, there are 4 active listings in WATAGA, IL (zip code 61488), compared to 4 the prior year.

What is the median home price in WATAGA, IL 61488?

The median listing price in WATAGA, IL 61488 is $126,900 as of March 2026, a 8.5% decrease from $138,675 the prior year.

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

Homes in WATAGA, IL 61488 spend an average of 49 days on the market before going under contract, compared to 18 days the prior year.

Is it a seller's or buyer's market in WATAGA, IL 61488?

Based on current inventory and days-on-market data as of March 2026, WATAGA, IL 61488 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 49 days on market compared to 18 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WATAGA, IL 61488 save an estimated $2,538 compared to a typical 5% commission on the median listing price of $126,900. 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.