ZIP 61531 (Farmington, IL) Housing Market Update — February 22, 2026
61531 – February 22, 2026 – Farmington, IL market check: values up year over year, listings remain limited, and buyers still find deals under $150K.
ZIP 61531 (Farmington, Illinois in Peoria County) continues to look like a small, thinly traded market: a handful of closings can swing the stats, but recent indicators still point to higher prices versus last year and a limited number of homes for buyers to choose from.
Top takeaways
- Recent sale data shows higher median prices year over year, with quicker average marketing times than last year in the latest monthly read.
- Active inventory appears tight (single digits on major portals), so pricing can feel jumpy from week to week.
- For buyers, there are still entry-level options, but the best-priced homes may require fast decisions and realistic inspection budgets.
Market snapshot (ZIP 61531)
On Redfin, the most recent monthly housing-market snapshot shows a December 2025 median sale price around $122.5K (up about 36% year over year), with homes selling in roughly the mid-teens for median days on market and 7 closed sales reported for the month. Redfin also indicates typical homes selling below list on average (mid-90s sale-to-list percentage), which can matter in negotiations when a home needs updates.
Zillow’s home value index for 61531 shows a typical home value around $114.8K as of data through January 31, 2026, up about 6% year over year, and a modest 1-year forecast on that same page. As always, index-style value trends and closed-sale medians can differ because they measure different things.
On Realtor.com’s ZIP overview, 61531 is shown with about 6 active listings and a median listing price around $119.9K (December 2025), with an average time on market in the 50+ day range. That combination often suggests buyers have some room to negotiate on condition and terms, even if total choices are limited.
What’s for sale nearby (no addresses)
- Lower-priced starter options: Portals currently show small 2-bed homes priced under about $80K in the ZIP.
- Mid-range family homes: A larger 4–5 bed home is listed in the low-to-mid $200Ks, reflecting the spread between starter inventory and move-up properties.
- Rural land / acreage style listings: At least one higher-priced listing is marketed as a home with significant acreage (tied to a price in the mid-$600Ks range), which can pull attention from buyers shopping beyond in-town lots.
ServiceXTC local pros (directory check)
We did not find enough verified ServiceXTC directory pages to confidently list 3–5 local providers for ZIP 61531 today. If you are a Farmington-area contractor (inspection, roofing, HVAC, plumbing, electrical, remodeling), getting listed helps local buyers and sellers find you during transaction season.
What are you seeing right now in Farmington and nearby towns: more price cuts, more showings, or more homes going pending quickly?
Sources
- Redfin (ZIP 61531 housing market)
- Zillow (ZIP 61531 home values)
- Realtor.com (ZIP 61531 overview and active listings)
- Zillow (recently sold in 61531)