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GROVELAND, IL 61535

Real Estate Market Report  ·  Tazewell County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The GROVELAND, IL real estate market (61535) currently shows 8 active listings, with 2 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 40 days last year.

The median listing price has fallen 15% year-over-year, from $299,900 to $254,950.

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Market Context

Market Context

Population: 2,163  ·  Density: 112.4/mi²  ·  Median household income: $132,891

Typical home value: $230,858  ·  Homeownership: 98.4%

Market Overview

Active Listings
8
⇧ 60% vs 5 last year
Pending
2
25% pending ratio
Median Price
$254,950
⇩ 15% vs $299,900 last year
Average Price
$343,095
⇩ 45.8% vs $632,467 last year
Days on Market
47
⇧ 17.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$164
⇧ 11.6% vs $147/sqft last year
Median Home Size
1,624 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
— vs 1% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 5 last year
  • Days on market: 47 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $254,950 (-15% YoY)
  • Average: $343,095 (-45.8% 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 14.8 miles — 178 listings ($36,410,763 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61535Groveland, IL 615350.0 mi4$761,868$152,400$190,467
61610Creve Coeur, IL 616105.6 mi7$1,053,990$177,400$150,570
61568Tremont, IL 615686.1 mi11$3,253,492$229,325$295,772
61605Peoria, IL 616058.5 mi38$1,708,556$39,900$44,962
61607Peoria, IL 616079.1 mi29$5,206,602$189,950$179,538
61606Peoria, IL 616069.2 mi20$2,924,360$139,900$146,218
61571Washington, IL 615719.8 mi42$14,188,062$263,675$337,811
61755Mackinaw, IL 6175510.5 mi9$2,721,825$234,950$302,425
61547Mapleton, IL 6154711.4 mi6$1,948,428$288,175$324,738
61747Hopedale, IL 6174712.6 mi2$350,000$175,000$175,000
61539Kingston Mines, IL 6153913.4 mi1$107,000$107,000$107,000
61734Delavan, IL 6173414.6 mi6$1,430,880$257,500$238,480
61759Minier, IL 6175914.8 mi3$755,700$248,250$251,900

Frequently Asked Questions

How many homes are for sale in GROVELAND, IL 61535?

As of September 2026, there are 8 active listings in GROVELAND, IL (zip code 61535), compared to 5 the prior year.

What is the median home price in GROVELAND, IL 61535?

The median listing price in GROVELAND, IL 61535 is $254,950 as of September 2026, a 15% decrease from $299,900 the prior year.

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

Homes in GROVELAND, IL 61535 spend an average of 47 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 GROVELAND, IL 61535?

Based on current inventory and days-on-market data as of September 2026, GROVELAND, IL 61535 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 40 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GROVELAND, IL 61535 save an estimated $5,099 compared to a typical 5% commission on the median listing price of $254,950. 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.