$190,000
7631 Gray Rd
Alma, IL
2 bd1 ba1,120 sqft$170/ft²
House3.00 acres
View photos & details
Brokers — List your Company Here
Featured local agent — Alma, IL
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Alma, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Alma, IL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Alma, IL Housing Market
Balanced market+2.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through October 2025 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Alma, IL is worth $123,404, rose 2.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $35,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 102 days, Alma is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $123,404 home is about $659/mo in principal and interest.
Key numbers for Alma, IL
Typical home value
$123,404
+2.2% in 12 months
Zillow, August 2026
Median sale price
$35,000
Last published period
Redfin, through October 2025
Days on market
102
Slow-moving
Redfin, through October 2025
Active listings
1
1.0 months of supply
Redfin, through October 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$50,500
Home costs 2.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
82.3%
Selling below asking
Redfin, through October 2025
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 Alma a buyer's or seller's market?
Balanced market1.0 months of supply102 days on market82.3% of asking
Alma, IL is a balanced market, based on 1.0 months of supply and homes selling in about 102 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Alma housing market data show?
Every row below is Redfin's final published month for Alma, IL. Redfin, through October 2025
| Metric | Value |
|---|---|
| Median sale price | $35,000 |
| Median price per sq ft | $32/sq ft |
| Median days on market | 102 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 82.3% |
| Homes sold (that month) | 1 |
| Market condition | Balanced 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 Alma is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Alma 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 Alma home prices moved?
Across the 10 months we hold for Alma, IL, the median sale price fell 46.2%, from $65,000 in July 2021 to $35,000. The live Zillow value series has rose 2.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 82.3%. Watch those two together — they move before the median does.
Redfin, through October 2025 — the chart ends at Redfin's final published month.
Get Alma market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Alma?
Priced off the typical home value of $123,404 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% | $24,681 | $98,723 | $659/mo |
| 5% | $6,170 | $117,234 | $782/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 $659, that implies roughly $28,234 a year before you add taxes and insurance. The median household in Alma earns $50,500, about $22,266 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 2.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Alma in the next 12 months?
Tell us your timeline. We send the Alma 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 Alma?
Zillow does not publish a rent index (ZORI) for Alma, 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 Alma?
Active listings in Alma, IL went from 1 in July 2021 to 1 in October 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| July 2021 | 1 | not published |
| March 2022 | 2 | not published |
| August 2023 | 1 | 1 |
| May 2024 | 1 | 1 |
| August 2025 | 2 | not published |
| October 2025 | 1 | not published |
Redfin, through October 2025
How does Alma compare to Illinois and the U.S.?
Alma homes sell for $35,000 — 90% below the Illinois median of $337,900. Against the national median of $410,700, Alma runs 91% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Alma, IL | $35,000 | not published | 102 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through October 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Alma
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $124 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 $123,404 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 Alma listing goes under contract in 102 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 82.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +2.2% 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 Alma varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Alma
There are currently 1 homes listed for sale in Alma, Illinois. Featured listings range from $190,000 to $325,000.
$290,000
5179 Wright Rd
Alma, IL
4 bd3 ba2,668 sqft$109/ft²
House
View photos & details
$325,000
4636 Kinoka Rd
Alma, IL
2 bd3 ba1,728 sqft$188/ft²
House10.00 acres
View photos & details
Looking to buy in Alma?
Get connected with a local real estate expert — free, no obligation.
Active listings
1
Homes on market
Avg. days on market
102
Days until sale
Sale-to-list:82.3%
How much do homes cost in Alma by property type?
How the Alma, IL market breaks down across single-family homes, condos and townhouses. Redfin, through October 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $35,000 | $32/sq ft | 1 | 102 days |
Who lives in Alma?
American Community Survey estimates for Alma. U.S. Census ACS, 2023
Population
300
Households
142
Median income
$50,500/yr
Median age
41.6 years
Owner-occupied
73.2%
Median home value
$43,300
Median gross rent
$483/mo
Mean commute
19.5 min
73.2% of occupied homes in Alma 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 $43,300 against Zillow's $123,404 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Alma, IL?
Ordered by distance from Alma, not by size. Compare Alma side by side with any of them.
Alma housing market FAQ
Is Alma a buyer's or seller's market?
Alma, IL is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 102 days, and sellers getting 82.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Alma?
The typical home in Alma, IL is worth $123,404 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $35,000, about $32 per square foot.
Is Alma cheaper than the rest of Illinois?
Alma's median sale price of $35,000 is 90% lower than the Illinois statewide median of $337,900, and 91% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Alma?
Homes in Alma, IL spent a median of 102 days on market before going under contract, versus 43 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Alma?
At the current 30-year fixed rate of 7.03%, 20% down on a $123,404 home is about $659 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $28,234 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $50,500.
Are home prices rising in Alma?
The typical home value in Alma, IL rose 2.2% over the last 12 months, from $120,749 to $123,404 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Alma?
Alma 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 Alma?
That depends on your timeline, not on a headline. What the data says today: Alma, IL is a balanced market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Alma, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Alma
Nearby markets
Get the Alma market brief
Get the Alma, IL market brief
One email: what homes are actually clearing at around $123,404, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.