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MORTON, IL 61550

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

Market Analysis

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

The MORTON, IL real estate market (61550) currently shows 32 active listings, with 22 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 33 days on market compared to 23 days last year.

The median listing price has risen 39.5% year-over-year, from $249,900 to $348,675.

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 Context

Market Context

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

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

Market Overview

Active Listings
32
⇧ 39.1% vs 23 last year
Pending
22
69% pending ratio
Median Price
$348,675
⇧ 39.5% vs $249,900 last year
Average Price
$380,274
⇧ 32.4% vs $287,164 last year
Days on Market
33
⇧ 43.5% vs 23 days last year

Price Per Square Foot

Median $/sqft
$136
⇧ 10.6% vs $123/sqft last year
Median Home Size
2,413 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 23 last year
  • Days on market: 33 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $348,675 (+39.5% YoY)
  • Average: $380,274 (+32.4% 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
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 15.4 miles — 449 listings ($91,392,139 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61550Morton, IL 615500.0 mi31$13,627,290$316,150$439,590
61733Deer Creek, IL 617335.6 mi1$220,000$220,000$220,000
61568Tremont, IL 615687.6 mi11$3,253,492$229,325$295,772
61611East Peoria, IL 616118.6 mi53$12,598,365$177,450$237,705
61602Peoria, IL 616029.8 mi24$5,194,944$214,975$216,456
61554Pekin, IL 6155410.6 mi103$21,697,053$145,550$210,651
61605Peoria, IL 6160511.1 mi38$1,708,556$39,900$44,962
61530Eureka, IL 6153011.6 mi7$2,203,397$281,000$314,771
61604Peoria, IL 6160412.9 mi112$12,018,160$99,950$107,305
61747Hopedale, IL 6174713.4 mi2$350,000$175,000$175,000
61732Danvers, IL 6173213.5 mi4$751,252$186,875$187,813
61564South Pekin, IL 6156413.7 mi3$182,850$60,950$60,950
61615Peoria, IL 6161515.4 mi60$17,586,780$257,175$293,113

Frequently Asked Questions

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

As of March 2026, there are 32 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 $348,675 as of March 2026, a 39.5% increase from $249,900 the prior year.

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

Homes in MORTON, IL 61550 spend an average of 33 days on the market before going under contract, compared to 23 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 March 2026, MORTON, IL 61550 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 33 days on market compared to 23 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 $6,974 compared to a typical 5% commission on the median listing price of $348,675. 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.