Is the housing market slowing down in Ottawa, IL?
No real change. 118 homes sold in Ottawa, IL during May 2026, against 139 in the same months a year earlier. That gap is small enough to be ordinary month-to-month variation rather than a trend.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
We call this unchanged deliberately. The difference between 118 and 139 sales is inside the range that a normal month produces on its own, so calling it a decline or a recovery would be reading a story into noise.
The longer view, all measured over the May window so the season is held constant: 145 homes sold two years ago, 139 last year, 118 now. Activity is meaningfully below where it was two years ago.
What is on the shelf next to what is selling: 440 homes were on the market in Ottawa, IL, and 118 sold. At that pace it would take about 3.7 months to clear them all. Buyers and sellers are about evenly matched right now.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Ottawa, IL area, through May 2026.
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More about the Ottawa, IL market
- When is the best month to sell a house in Ottawa, IL?
- How long does it take to sell a house in Ottawa, IL?
- Do homes sell above asking price in Ottawa, IL?
- Are home prices going up or down in Ottawa, IL?
- Is Ottawa, IL a buyer's market or a seller's market?
- Are sellers cutting prices in Ottawa, IL?
- What is the average home price in Ottawa, IL?
- How many homes are for sale in Ottawa, IL?
- All Ottawa, IL housing numbers
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Figures come from Redfin's published market data for the Ottawa, IL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.