$29,000
401 NE 3rd St
Aledo, IL
3 bd2 ba1,052 sqft$28/ft²
House6,098 sqft lot
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Sarah Mitchell
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Compass Real Estate · Aledo, IL
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Aledo, IL(512) 555-0184TX License #0512847
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Aledo, IL Housing Market
Seller's market+8.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Aledo, IL is worth $171,032, rose 8.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $104,000, -35.0% year over year (through May 2026). With 2.3 months of supply and homes going under contract in about 42 days, Aledo is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $171,032 home is about $913/mo in principal and interest.
Key numbers for Aledo, IL
Typical home value
$171,032
+8.6% in 12 months
Zillow, August 2026
Median sale price
$104,000
-35.0% year over year
Redfin, through May 2026
Days on market
42
Average pace
Redfin, through May 2026
Active listings
7
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$62,829
Home costs 2.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.5%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Aledo a buyer's or seller's market?
Seller's market2.3 months of supply42 days on market101.5% of asking
Aledo, IL is a seller's market, based on 2.3 months of supply and homes selling in about 42 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Aledo housing market data show?
Every row below is Redfin's final published month for Aledo, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $104,000 |
| Median list price | $239,500 |
| Year-over-year price change | -35.0% |
| Median price per sq ft | $67/sq ft |
| Median days on market | 42 days |
| Active inventory | 7 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 101.5% |
| Homes sold (that month) | 3 |
| New listings (that month) | 6 |
| Listings with a price cut | 57.1% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Aledo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Aledo is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Aledo home prices moved?
Over the last three years the median sale price in Aledo, IL fell 37.8%, from $167,150 to $104,000. The live Zillow value series has rose 8.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 57.1% of Aledo listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 101.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Aledo?
Priced off the typical home value of $171,032 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $34,206 | $136,826 | $913/mo |
| 5% | $8,552 | $162,481 | $1,084/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $913, that implies roughly $39,131 a year before you add taxes and insurance. The median household in Aledo earns $62,829, about $23,698 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.7x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Aledo in the next 12 months?
Tell us your timeline. We send the Aledo market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Aledo?
Zillow does not publish a rent index (ZORI) for Aledo, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Aledo?
Active listings in Aledo, IL went from 11 in April 2025 to 7 in May 2026, a -36.4% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| May 2025 | 12 | 8 |
| June 2025 | 11 | 4 |
| July 2025 | 10 | 4 |
| August 2025 | 13 | 8 |
| September 2025 | 13 | 4 |
| October 2025 | 13 | 2 |
| December 2025 | 6 | 2 |
| January 2026 | 10 | 5 |
| February 2026 | 12 | 5 |
| March 2026 | 9 | 4 |
| April 2026 | 6 | 5 |
| May 2026 | 7 | 6 |
Redfin, through May 2026
How does Aledo compare to Illinois and the U.S.?
Aledo homes sell for $104,000 — 69% below the Illinois median of $337,900. Against the national median of $410,700, Aledo runs 75% lower. Year-over-year, Aledo moved -35.0% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Aledo, IL | $104,000 | -35.0% | 42 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Aledo
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 57.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $171 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $171,032 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Aledo listing goes under contract in 42 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.5% of asking. Price at the number you want and let competition do the rest.
- In the last published month Aledo added 6 new listings against 3 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +8.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Aledo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Aledo
There are currently 7 homes listed for sale in Aledo, Illinois. The median listing price is $240K. Featured listings range from $29,000 to $420,000.
$33,000
State Highway 17
Aledo, IL
Land1.34 acres
View photos & details
$74,000
213 NE 4th St
Aledo, IL
3 bd1 ba900 sqft$82/ft²
House
View photos & details
$120,000
105-109 NE 5th Ave
Aledo, IL
6 bd5 ba
Multi-family7,405 sqft lot
View photos & details
$179,900
604 SW 2nd Ave
Aledo, IL
4 bd3 ba2,244 sqft$80/ft²
House
View photos & details
$182,500
708 S College Ave
Aledo, IL
3 bd3 ba2,304 sqft$79/ft²
House17,860 sqft lot
View photos & details
$210,000
307 SE 8th Ave
Aledo, IL
4 bd2 ba3,060 sqft$69/ft²
House13,939 sqft lot
View photos & details
$224,900
409 233rd St
Aledo, IL
3 bd2 ba1,335 sqft$168/ft²
House
View photos & details
$270,000
2056 50th Ave
Aledo, IL
4 bd2 ba2,018 sqft$134/ft²
House5.00 acres
View photos & details
$380,000
137 Countryview Ct
Aledo, IL
2 bd2 ba1,213 sqft$313/ft²
Townhouse
View photos & details
$380,000
135 Countryview Ct
Aledo, IL
2 bd2 ba1,213 sqft$313/ft²
Townhouse
View photos & details
$420,000
2572 160th Ave
Aledo, IL
4 bd4 ba2,492 sqft$169/ft²
House2.39 acres
View photos & details
Looking to buy in Aledo?
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Active listings
7
Homes on market
Median list price
$240K
Avg. days on market
42
Days until sale
New this week
6
Newly listed
Price drops:57.1%of listings
Sale-to-list:101.5%
How much do homes cost in Aledo by property type?
How the Aledo, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $104,000 | $67/sq ft | 3 | 42 days |
| Townhouse | $72,000 | $42/sq ft | 1 | 297 days |
Who lives in Aledo?
American Community Survey estimates for Aledo. U.S. Census ACS, 2023
Population
3,753
Households
1,559
Median income
$62,829/yr
Median age
40.7 years
Owner-occupied
65.6%
Median home value
$140,000
Median gross rent
$770/mo
Mean commute
20.8 min
65.6% of occupied homes in Aledo are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $140,000 against Zillow's $171,032 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Aledo?
3 schools tracked · 1,018 students
The largest public schools serving Aledo, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mercer County High School
Grades 9-12 · 401 students
Apollo Elem School
Grades K-5 · 345 students
Mercer County Jr High School
Grades 6-8 · 272 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Aledo, IL?
Ordered by distance from Aledo, not by size. Compare Aledo side by side with any of them.
Aledo housing market FAQ
Is Aledo a buyer's or seller's market?
Aledo, IL is currently a seller's market. That read comes from 2.3 months of supply, homes going under contract in about 42 days, and sellers getting 101.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Aledo?
The typical home in Aledo, IL is worth $171,032 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $104,000, about $67 per square foot.
Is Aledo cheaper than the rest of Illinois?
Aledo's median sale price of $104,000 is 69% lower than the Illinois statewide median of $337,900, and 75% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Aledo?
Homes in Aledo, IL spent a median of 42 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Aledo?
At the current 30-year fixed rate of 7.03%, 20% down on a $171,032 home is about $913 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $39,131 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $62,829.
Are home prices rising in Aledo?
The typical home value in Aledo, IL rose 8.6% over the last 12 months, from $157,514 to $171,032 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Aledo?
Aledo ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Aledo?
That depends on your timeline, not on a headline. What the data says today: Aledo, IL is a seller's market with 2.3 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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