Housing Market Report for Lee County, IL

This housing market report uses absorption rates to track supply and demand for Lee County, IL. With 5 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 6, 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 🔥
$250k – $275k

Absorption rate of 2.3, with 0.4 months of inventory.

Coolest Segment ❄️
$275k – $300k

With 7.2 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$125k – $150k

4 active listings with 27 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.8 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 4 0.7 0 Seller's
50k-75k 3 7 2 0.4 2.6 Seller's
75k-100k 5 14 3 0.5 2.1 Seller's
100k-125k 2 13 5 1.1 0.9 Seller's
125k-150k 4 27 1 1.1 0.9 Seller's
150k-175k 5 22 3 0.7 1.4 Seller's
175k-200k 8 20 3 0.4 2.4 Seller's
200k-225k 5 13 4 0.4 2.3 Seller's
225k-250k 4 13 4 0.5 1.8 Seller's
250k-275k 1 14 3 2.3 0.4 Seller's
275k-300k 6 5 0.1 7.2 Buyer's
300k-325k 1 5 1 0.8 1.2 Seller's
325k-350k 4 4 2 0.2 6 Balanced
350k-375k 7 1 1.2 0 Seller's
375k-400k 3 1 0.5 0 Seller's
400k-425k 2 0.3 0 Seller's
425k-450k 4 4 1 0.2 6 Balanced
450k-475k 1 1 0.2 0 Seller's
475k-500k 1 0.2 0 Seller's
500k-550k 1 2 1 0.3 3 Balanced
550k-600k 1 0.2 0 Seller's
600k-650k 1 0.2 0 Seller's
950k-1m 1 0
1m-1.1m 1 0

Townhouses

Hottest Segment 🔥
$300k – $325k

Absorption rate of 0.5, with 2 months of inventory.

Coolest Segment ❄️
$325k – $350k

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

Most Active
$300k – $325k

1 active listings with 3 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.8 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
150k-175k 2 0.3 0 Seller's
275k-300k 2 0.3 0 Seller's
300k-325k 1 3 0.5 2 Seller's
325k-350k 2 2 1 0.2 6 Balanced
350k-375k 1 0.2 0 Seller's

Condos

Hottest Segment 🔥
$200k – $225k

Absorption rate of 0.2, with 6 months of inventory.

Coolest Segment ❄️
$200k – $225k

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

Most Active
$175k – $200k

0 active listings with 3 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 0.9 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 3 0.5 0 Seller's
200k-225k 1 1 0.2 6 Balanced
275k-300k 1 0.2 0 Seller's
325k-350k 2 0.3 0 Seller's

Land

Hottest Segment 🔥
$0 – $25k

Absorption rate of 0.2, with 4.9 months of inventory.

Coolest Segment ❄️
$75k – $100k

With 18 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$0 – $25k

36 active listings with 44 sold in the last 6 months.

Market Overview
All Segments

With 10.5 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 36 44 7 0.2 4.9 Balanced
25k-50k 84 35 10 0.1 14.4 Buyer's
50k-75k 51 20 2 0.1 15.3 Buyer's
75k-100k 18 6 0.1 18 Buyer's
100k-125k 7 5 0.1 8.4 Buyer's
125k-150k 7 5 2 0.1 8.4 Buyer's
150k-175k 1 1 0.2 0 Seller's
175k-200k 2 0
225k-250k 1 1 0.2 0 Seller's
350k-375k 1 0
650k-700k 1 0
1.3m-1.4m 1 0.2 0 Seller's
1.8m-1.9m 1 0
2.5m-2.75m 1 0.2 0 Seller's
3m-3.5m 1 0