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MORTON, IL 61550

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

Market Overview

Active Listings
26
⇧ 13% vs 23 last year
Pending
14
54% pending ratio
Median Price
$269,900
⇧ 20.6% vs $223,725 last year
Average Price
$398,418
⇧ 43.5% vs $277,736 last year
Days on Market
56
⇧ 9.8% vs 51 days last year

Market Context

Population: 18,483  ·  Density: 173.1/mi²  ·  Median household income: $88,159

Typical home value: $231,503  ·  Homeownership: 79.9%

Market Analysis

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

The MORTON, IL real estate market (61550) currently shows 26 active listings, with 14 pending sales. Homes are averaging 56 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 56 days on market compared to 51 days last year.

The median listing price has risen 20.6% year-over-year, from $223,725 to $269,900.

Whether you are buying or selling in MORTON, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 23 last year
  • Days on market: 56 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $269,900 (+20.6% YoY)
  • Average: $398,418 (+43.5% 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 15.6 miles — 293 listings ($70,252,615 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61550Morton, IL 615500.0 mi26$10,358,868$269,900$398,418
61571Washington, IL 615716.6 mi38$11,983,870$219,900$315,365
61755Mackinaw, IL 617557.9 mi10$2,761,750$234,950$276,175
61610Creve Coeur, IL 616108.6 mi11$1,737,263$172,450$157,933
61603Peoria, IL 616039.9 mi57$4,862,670$64,000$85,310
61606Peoria, IL 6160610.9 mi21$2,803,836$129,900$133,516
61729Congerville, IL 6172911.4 mi3$660,000$220,000$220,000
61616Peoria Heights, IL 6161611.7 mi14$5,599,538$269,000$399,967
61607Peoria, IL 6160713.0 mi23$4,215,440$192,450$183,280
61614Peoria, IL 6161413.4 mi68$17,002,516$214,945$250,037
61759Minier, IL 6175913.6 mi3$768,999$260,000$256,333
61548Metamora, IL 6154813.8 mi15$6,107,865$360,000$407,191
61547Mapleton, IL 6154715.6 mi4$1,390,000$347,500$347,500

Frequently Asked Questions

How many homes are for sale in MORTON, IL 61550?

As of January 2026, there are 26 active listings in MORTON, IL (zip code 61550), compared to 23 the prior year.

What is the median home price in MORTON, IL 61550?

The median listing price in MORTON, IL 61550 is $269,900 as of January 2026, a 20.6% increase from $223,725 the prior year.

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

Homes in MORTON, IL 61550 spend an average of 56 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in MORTON, IL 61550?

Based on current inventory and days-on-market data as of January 2026, MORTON, IL 61550 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 56 days on market compared to 51 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MORTON, IL 61550 save an estimated $5,398 compared to a typical 5% commission on the median listing price of $269,900. 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.