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 4 single family homes for sale with an average list price of $389,700, 3 townhouses for sale with an average list price of $386,333.33, 3 condos for sale with an average list price of $304,600, and 8 lots for sale with an average list price of $509,875. The average annual property tax for Diamond is $3,698.48.
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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.
See What's Hot & What's Not in Diamond
Market Trends
Diamond home sales for the month of August decreased in volume by 50% when compared to last year, while the median sale price rose by 47.5% from $305,000 to $449,900. House sales stayed the same, while the median sale price rose by 20% from $375,000 to $449,900.
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35
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25
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21
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27
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$235,000
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$216,000
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$260,000
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$276,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Diamond
Number of Sales for Diamond
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