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SPARLAND, IL 61565

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPARLAND, IL real estate market (61565) currently shows 3 active listings, with 2 pending sales. Homes are averaging 9 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.

Homes are selling faster, averaging 9 days on market compared to 23 days last year.

The median listing price has fallen 34.6% year-over-year, from $324,900 to $212,400.

Whether you are buying or selling in SPARLAND, 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: 1,433  ·  Density: 8.4/mi²  ·  Median household income: $74,250

Typical home value: $149,673  ·  Homeownership: 81.8%

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
2
67% pending ratio
Median Price
$212,400
⇩ 34.6% vs $324,900 last year
Average Price
$212,400
⇩ 34.3% vs $323,267 last year
Days on Market
9
⇩ 60.9% vs 23 days last year

Price Per Square Foot

Median $/sqft
$103
⇩ 3.7% vs $107/sqft last year
Median Home Size
2,338 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 9 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $212,400 (-34.6% YoY)
  • Average: $212,400 (-34.3% 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 21.3 miles — 122 listings ($37,078,925 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61565Sparland, IL 615650.0 mi2$452,350$226,175$226,175
61540Lacon, IL 615407.3 mi9$1,652,985$164,743$183,665
61526Edelstein, IL 615269.4 mi2$1,294,450$647,225$647,225
61560Putnam, IL 6156012.0 mi13$3,913,754$237,500$301,058
61375Varna, IL 6137513.6 mi10$3,712,500$395,500$371,250
61541La Rose, IL 6154114.6 mi0$0$75,000$75,000
61559Princeville, IL 6155915.9 mi1$399,000$399,000$399,000
61335McNabb, IL 6133516.9 mi1$259,900$259,900$259,900
61615Peoria, IL 6161518.5 mi60$17,586,780$257,175$293,113
61483Toulon, IL 6148319.3 mi5$1,767,875$190,900$353,575
61616Peoria Heights, IL 6161620.0 mi15$5,039,580$200,400$335,972
61340Mark, IL 6134020.8 mi1$130,000$130,000$130,000
61326Granville, IL 6132621.3 mi3$869,751$253,750$289,917

Frequently Asked Questions

How many homes are for sale in SPARLAND, IL 61565?

As of March 2026, there are 3 active listings in SPARLAND, IL (zip code 61565), compared to 4 the prior year.

What is the median home price in SPARLAND, IL 61565?

The median listing price in SPARLAND, IL 61565 is $212,400 as of March 2026, a 34.6% decrease from $324,900 the prior year.

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

Homes in SPARLAND, IL 61565 spend an average of 9 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 SPARLAND, IL 61565?

Based on current inventory and days-on-market data as of March 2026, SPARLAND, IL 61565 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 9 days on market compared to 23 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPARLAND, IL 61565 save an estimated $4,248 compared to a typical 5% commission on the median listing price of $212,400. 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.