Ottawa, IL metro area Housing Market
Cold MarketComprehensive housing market data for the Ottawa, IL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$185K
↑ 1.6% YoY
Days on Market
66 days
↑ 15.8% YoY
Active Inventory
312
↓ 0.6% YoY
Homes Sold
71
↓ 10.1% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Ottawa, IL metro area Market Summary
The Ottawa, IL metro area housing market is cooling down. As of January 2026, the median home sale price is $185K, up 1.6% year-over-year. Homes are spending a median of 66 days on the market, 15.8% longer than a year ago.
There are 312 homes for sale — 0.6% fewer than last year. With 4.4 months of supply, this is a balanced market. 106 new listings were added during this period, up 27.7% year-over-year.
Homes are selling for 96.7% of their list price on average, suggesting room for negotiation. 21.1% of homes sell above their asking price. 21.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Illinois Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 56% below the national median, which could indicate stronger cash flow potential.
Ottawa, IL metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$198K
Price per Sq Ft
$120
Sale-to-List Ratio
96.7%
Months of Supply
4.4
Sold Above List
21.1%
Price Drops
21.5%
New Listings
106
↑ 27.7% YoY
Pending Sales
117
Off Market in 2 Weeks
38.5%
Other Markets in Illinois
Chicago, IL metro area
$348K · 70d on market
Lake County, IL metro area
$361K · 66d on market
Elgin, IL metro area
$356K · 71d on market
Peoria, IL metro area
$163K · 40d on market
Rockford, IL metro area
$215K · 28d on market
Springfield, IL metro area
$182K · 9d on market
Champaign, IL metro area
$227K · 57d on market
Bloomington, IL metro area
$237K · 54d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.