Diamond, IL, Real Estate

Diamond, Illinois, is a small village located primarily in Grundy County, with a small portion extending into Will County. Established in 1872, it was named after the Diamond Mine, one of several coal mines in the region, reflecting its historical ties to the coal industry. With a population of around 2,527 as of 2020, Diamond maintains a quiet, rural charm, situated about 60 miles southwest of Chicago. The village offers a peaceful community atmosphere, with local amenities and proximity to larger cities like Joliet for additional services and employment opportunities.

Diamond currently has 1 single family home for sale with a list price of $469,000, 5 condos for sale with an average list price of $297,739.80, and 6 lots for sale with an average list price of $571,291.67. The average annual property tax for Diamond is $3,795.

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Diamond, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Diamond Estates

Diamond Estates is a single-family home community in Diamond, Illinois, built between 1996 and 2004. It currently has no homes for sale. The homes range in size from 1,927 ft2 to 2,514 ft2. The HOA fees range from $4 to $4 per month. The average annual property tax for Diamond Estates is $5,199.27. It is located in Grundy County. ... Read more
Median Price: $407,500
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Diamond Fields

Diamond Fields is a condo and single-family home community in Diamond, Illinois, built between 1997 and 2005. It currently has 1 condo for sale with a list price of $269,900. The homes range in size from 1,210 ft2 to 2,050 ft2. The average annual property tax for Diamond Fields is $3,217.20. It is located in Grundy County. ... Read more
Median Price: $280,000
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Diamond Ridge

Diamond Ridge is a subdivision in Diamond, Illinois. It currently has 1 lot for sale with a list price of $49,000. It is located in Grundy County. ... Read more
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Farmstone At Diamond

Farmstone At Diamond is a single-family home and condo community in Diamond, Illinois, built between 2004 and 2024. It currently has 1 condo for sale with a list price of $364,900 and 1 lot for sale with a list price of $45,000. The homes range in size from 1,683 ft2 to 2,700 ft2. The HOA fees range from $11 to $20 per month. The average annual property tax for Farmstone At Diamond is $4,214.27. It is located in Grundy County. ... Read more
Median Price: $394,000
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The Manors

The Manors is a subdivision in Diamond, Illinois. It currently has no homes for sale.

Subdivisions

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Market Trends

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Real Estate News

Homes Just Sold in Diamond: April 21st to April 27th

Homes Just Sold in Diamond: April 21st to April 27th - April 28, 2026

Diamond had 3 sales during the week of Tuesday, April 21 to Monday, April 27, including including 3 single family homes for sale with an average list price of $375,000. $285,000 185 ... continue reading
Homes Just Sold in Diamond: April 14th to April 20th

Homes Just Sold in Diamond: April 14th to April 20th - April 21, 2026

Diamond had only 1 sale during the week of Tuesday, April 14 to Monday, April 20, including and it was a lot for sale with a list price of $39,900. $39,900 1170 ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Diamond: April 11th to April 17th

New Homes with Master Bedrooms on the 1st Floor in Diamond: April 11th to April 17th - April 18, 2026

Diamond had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, April 11 to Friday, April 17, including 2 condos ... continue reading
New Homes For Sale This Week in Diamond: April 10th to April 16th

New Homes For Sale This Week in Diamond: April 10th to April 16th - April 17, 2026

Diamond had 3 new homes for sale during the week of Friday, April 10 to Thursday, April 16, including including 3 condos for sale with an average list price of ... continue reading
Homes Just Sold in Diamond: April 7th to April 13th

Homes Just Sold in Diamond: April 7th to April 13th - April 14, 2026

Diamond had only 1 sale during the week of Tuesday, April 7 to Monday, April 13, including and it was a single family home for sale with a list price ... continue reading
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