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MORTON, IL 61550

Real Estate Market Report  ·  Tazewell County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The MORTON, IL real estate market (61550) currently shows 27 active listings, with 16 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

The median listing price has risen 12.7% year-over-year, from $319,500 to $359,950.

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
27
⇩ 3.6% vs 28 last year
Pending
16
59% pending ratio
Median Price
$359,950
⇧ 12.7% vs $319,500 last year
Average Price
$375,208
⇧ 1.5% vs $369,670 last year
Days on Market
41
vs 41 days last year

Price Per Square Foot

Median $/sqft
$139
⇧ 8.6% vs $128/sqft last year
Median Home Size
2,583 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 28 last year
  • Days on market: 41 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $359,950 (+12.7% YoY)
  • Average: $375,208 (+1.5% 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
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 April 2026, there are 27 active listings in MORTON, IL (zip code 61550), compared to 28 the prior year.

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

The median listing price in MORTON, IL 61550 is $359,950 as of April 2026, a 12.7% increase from $319,500 the prior year.

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

Homes in MORTON, IL 61550 spend an average of 41 days on the market before going under contract, compared to 41 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 April 2026, MORTON, IL 61550 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

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 $7,199 compared to a typical 5% commission on the median listing price of $359,950. 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.