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Featured local agent — Diamond, IL
Sarah Mitchell
Compass Real Estate · Diamond, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Diamond, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$308,950median sale price
How is the Diamond, IL housing market right now?
The median home sale price in Diamond, IL is $308,950, down 11.1% year-over-year. Homes sell in an average of 37 days with 5 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Diamond a buyer's or seller's market?
Diamond, IL is currently a seller's market, based on 1.3 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
37
Average pace
Active listings
5
1.3 months supply
Sale-to-list
98.5%
Below asking
What does the Diamond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $308,950 |
| Median list price | $369,000 |
| Year-over-year price change | -11.1% |
| Average days on market | 37 days |
| Active inventory | 5 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 98.5% |
| Median price per sq ft | $202/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 3 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Diamond by property type?
How the Diamond, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $445,000 | $200/sq ft | 1 | — |
| Condo / Co-op | $259,000 | $203/sq ft | 1 | 33 days |
| Townhouse | $308,950 | $193/sq ft | 2 | 401 days |
Source: Redfin · Updated monthly
The Diamond housing market is currently classified as a seller's market with a median sale price of $308,950. Prices have fallen 11.1% compared to last year, with homes spending an average of 37 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.2x provides context for how home values compare to local earning capacity.
Homes for sale in Diamond
There are currently 5 homes listed for sale in Diamond, Illinois. The median listing price is $369K.
Active listings
5
Homes on market
Median list price
$369K
Avg. days on market
37
Days until sale
New this week
3
Newly listed
Who lives in Diamond?
Population
2,900
Median income
$60,000/yr
Median age
36.2 years
Owner-occupied
79.2%
College grads
12.1%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Diamond?
Zillow home value
$311,246
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Diamond?
Diamond is a community of approximately 3K residents with a median age of 36.2 years.The median household income is $60,000, which represents a working-class community with solid middle-income opportunities. 12.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Diamond offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Diamond, IL?
Want a head-to-head view? Compare Diamond side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Diamond?
The median home sale price in Diamond is $308,950, down 11.1% from last year.
How long do homes stay on market in Diamond?
Homes typically spend 37 days on market before going under contract.
What is the median income in Diamond?
The median household income is $60,000 per year.
Is Diamond a buyer's or seller's market?
With 1.3 months of supply, Diamond is currently a seller's market.
What is the Zillow home value estimate for Diamond?
The Zillow Home Value Index (ZHVI) for Diamond is $311,246, representing the typical home value in the area.
What is the median condo price in Diamond?
The median condo/co-op sale price in Diamond, IL is $259,000, compared to $445,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Diamond?
The median single-family home price in Diamond, IL is $445,000 (about $200 per square foot).
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