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OAKLAND, IL 61943

Real Estate Market Report  ·  Coles County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The OAKLAND, IL real estate market (61943) currently shows 6 active listings, with 3 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 21 days on market compared to 32 days last year.

The median listing price has fallen 1.1% year-over-year, from $162,900 to $161,050.

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Market Context

Market Context

Population: 1,430  ·  Density: 7.4/mi²  ·  Median household income: $50,806

Typical home value: $97,769  ·  Homeownership: 78.5%

Market Overview

Active Listings
6
⇧ 50% vs 4 last year
Pending
3
50% pending ratio
Median Price
$161,050
⇩ 1.1% vs $162,900 last year
Average Price
$194,690
⇧ 5.7% vs $184,233 last year
Days on Market
21
⇩ 34.4% vs 32 days last year

Price Per Square Foot

Median $/sqft
$85
⇩ 28% vs $118/sqft last year
Median Home Size
1,338 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 4 last year
  • Days on market: 21 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $161,050 (-1.1% YoY)
  • Average: $194,690 (+5.7% 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 24.7 miles — 124 listings ($25,197,598 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61943Oakland, IL 619430.0 mi4$186,800$46,700$46,700
61917Brocton, IL 619178.0 mi1$180,000$180,000$180,000
61919Camargo, IL 6191910.1 mi2$695,000$347,500$347,500
61920Charleston, IL 6192013.1 mi29$7,612,558$194,000$262,502
61956Villa Grove, IL 6195614.8 mi12$1,522,848$85,000$126,904
61953Tuscola, IL 6195317.0 mi19$4,984,536$225,000$262,344
61810Allerton, IL 6181018.1 mi1$410,000$410,000$410,000
61931Humboldt, IL 6193118.4 mi2$135,000$67,500$67,500
61863Pesotum, IL 6186321.7 mi3$732,951$216,200$244,317
61938Mattoon, IL 6193822.5 mi37$5,371,512$121,175$145,176
61877Sidney, IL 6187723.2 mi4$857,268$210,850$214,317
61911Arthur, IL 6191123.9 mi5$937,500$171,250$187,500
61880Tolono, IL 6188024.7 mi5$1,571,625$316,200$314,325

Frequently Asked Questions

How many homes are for sale in OAKLAND, IL 61943?

As of September 2026, there are 6 active listings in OAKLAND, IL (zip code 61943), compared to 4 the prior year.

What is the median home price in OAKLAND, IL 61943?

The median listing price in OAKLAND, IL 61943 is $161,050 as of September 2026, a 1.1% decrease from $162,900 the prior year.

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

Homes in OAKLAND, IL 61943 spend an average of 21 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in OAKLAND, IL 61943?

Based on current inventory and days-on-market data as of September 2026, OAKLAND, IL 61943 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 21 days on market compared to 32 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OAKLAND, IL 61943 save an estimated $3,221 compared to a typical 5% commission on the median listing price of $161,050. 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.