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CERRO GORDO, IL 61818

Real Estate Market Report  ·  Piatt County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇩ 25% vs 8 last year
Pending
0
0% pending ratio
Median Price
$105,000
⇩ 35% vs $161,500 last year
Average Price
$114,543
⇩ 26% vs $154,891 last year
Days on Market
26
⇩ 70.8% vs 89 days last year

Market Context

Population: 1,579  ·  Density: 15.6/mi²  ·  Median household income: $61,389

Typical home value: $110,281  ·  Homeownership: 77.3%

Market Analysis

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

The CERRO GORDO, IL real estate market (61818) currently shows 6 active listings. Homes are averaging 26 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 26 days on market compared to 89 days last year.

The median listing price has fallen 35% year-over-year, from $161,500 to $105,000.

Whether you are buying or selling in CERRO GORDO, 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: 6 this year vs 8 last year
  • Days on market: 26 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $105,000 (-35% YoY)
  • Average: $114,543 (-26% 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 19.2 miles — 112 listings ($23,412,120 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61818Cerro Gordo, IL 618180.0 mi6$687,258$105,000$114,543
61936La Place, IL 619365.6 mi1$114,900$114,900$114,900
61813Bement, IL 618138.7 mi4$1,053,332$250,000$263,333
61937Lovington, IL 6193710.6 mi1$515,000$515,000$515,000
61856Monticello, IL 6185612.3 mi29$8,793,148$304,700$303,212
61925Dalton City, IL 6192512.7 mi1$299,900$299,900$299,900
61913Atwood, IL 6191313.7 mi6$783,240$125,000$130,540
62532Elwin, IL 6253215.7 mi1$84,500$84,500$84,500
61851Ivesdale, IL 6185116.0 mi3$642,750$214,250$214,250
61914Bethany, IL 6191417.5 mi9$1,634,400$164,200$181,600
62522Decatur, IL 6252217.9 mi49$8,613,759$115,000$175,791
62544Macon, IL 6254418.2 mi1$75,000$75,000$75,000
62514Boody, IL 6251419.2 mi1$114,933$89,900$114,933

Frequently Asked Questions

How many homes are for sale in CERRO GORDO, IL 61818?

As of January 2026, there are 6 active listings in CERRO GORDO, IL (zip code 61818), compared to 8 the prior year.

What is the median home price in CERRO GORDO, IL 61818?

The median listing price in CERRO GORDO, IL 61818 is $105,000 as of January 2026, a 35% decrease from $161,500 the prior year.

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

Homes in CERRO GORDO, IL 61818 spend an average of 26 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in CERRO GORDO, IL 61818?

Based on current inventory and days-on-market data as of January 2026, CERRO GORDO, IL 61818 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 26 days on market compared to 89 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CERRO GORDO, IL 61818 save an estimated $2,100 compared to a typical 5% commission on the median listing price of $105,000. 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.