Housing Market Report for Ottawa, IL

This housing market report uses absorption rates to track supply and demand for Ottawa, IL. With 4 months of inventory across all segments, the market is currently balanced — supply and demand are roughly equal, giving buyers and sellers relatively equal negotiating leverage. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 1, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$225k – $250k

Absorption rate of 3.2, with 0.3 months of inventory.

Coolest Segment ❄️
$425k – $450k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$150k – $175k

2 active listings with 19 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 2.1 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
25k-50k 2 0.3 0 Seller's
50k-75k 1 0.2 0 Seller's
75k-100k 2 3 2 0.3 4 Balanced
100k-125k 4 14 4 0.6 1.7 Seller's
125k-150k 3 15 3 0.8 1.2 Seller's
150k-175k 2 19 4 1.6 0.6 Seller's
175k-200k 4 18 1 0.8 1.3 Seller's
200k-225k 2 13 1 1.1 0.9 Seller's
225k-250k 1 19 4 3.2 0.3 Seller's
250k-275k 5 9 2 0.3 3.3 Balanced
275k-300k 3 9 3 0.5 2 Seller's
300k-325k 2 7 3 0.6 1.7 Seller's
325k-350k 6 7 0.2 5.1 Balanced
350k-375k 5 10 3 0.3 3 Balanced
375k-400k 3 4 2 0.2 4.5 Balanced
400k-425k 1 6 1 1 1 Seller's
425k-450k 1 1 1 0.2 6 Balanced
450k-475k 1 3 0.5 2 Seller's
475k-500k 4 4 1 0.2 6 Balanced
500k-550k 3 0.5 0 Seller's
550k-600k 3 5 2 0.3 3.6 Balanced
600k-650k 1 2 0.3 3 Balanced
650k-700k 1 0
700k-750k 3 0
750k-800k 1 0.2 0 Seller's
800k-850k 1 0.2 0 Seller's
850k-900k 1 0.2 0 Seller's
950k-1m 1 0
1.2m-1.3m 1 1 0.2 6 Balanced
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0

Townhouses

Hottest Segment 🔥
$650k – $700k

Absorption rate of 0.

Coolest Segment ❄️
$375k – $400k

With 0 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$375k – $400k

0 active listings with 1 sold in the last 6 months.

Market Overview
All Segments

Supply and demand are roughly in balance at 3 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
375k-400k 1 0.2 0 Seller's
400k-425k 1 1 0.2 0 Seller's
650k-700k 1 0

Condos

Hottest Segment 🔥
$225k – $250k

Absorption rate of 0.3, with 3 months of inventory.

Coolest Segment ❄️
$175k – $200k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$225k – $250k

1 active listings with 2 sold in the last 6 months.

Market Overview
All Segments

Supply and demand are roughly in balance at 6 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
175k-200k 1 1 0.2 6 Balanced
200k-225k 2 1 0.3 0 Seller's
225k-250k 1 2 0.3 3 Balanced
275k-300k 1 0.2 0 Seller's
300k-325k 1 0
375k-400k 2 0
600k-650k 1 0.2 0 Seller's
650k-700k 1 0
750k-800k 1 0

Land

Hottest Segment 🔥
$100k – $125k

Absorption rate of 0.2, with 6 months of inventory.

Coolest Segment ❄️
$25k – $50k

With 48 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$25k – $50k

32 active listings with 4 sold in the last 6 months.

Market Overview
All Segments

With 50.6 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
0-25k 2 0
25k-50k 32 4 0 48
50k-75k 8 0
75k-100k 1 0
100k-125k 1 1 1 0.2 6 Balanced
175k-200k 1 0
200k-225k 2 0
225k-250k 1 0
250k-275k 3 0
300k-325k 1 1 0.2 6 Balanced
425k-450k 2 0
475k-500k 1 0
650k-700k 2 0
700k-750k 1 0
950k-1m 1 1 0.2 0 Seller's
1.1m-1.2m 1 0

Neighboring Cities

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