House Prices

House Prices & Home Values Preemption, IL 2026


Average Data

average house price$207,193
average size per house1912 ft²
average price per ft²109 $ / ft²

04/17/2026 - The value range (VR) for house prices in Preemption, IL is $85/ sqft to $85/ sqft. An average home with 1912 sqft costs approximately $162,520 to $162,520. Preemption, IL includes 1 ZIP codes and it is located in Mercer county. The lowest prices are found in ZIP 61276, while the highest are in ZIP 61276. The average price per sqare feet is $109. Our analysis is based on 72 property listings.

Avergage prices by ZIP codes Preemption

6127689 $ / ft²




Historical development of home values in Preemption

Year Estimated value (USD) Change vs. 2025
2010 $96,224 -53.6%
2011 $92,503 -55.4%
2012 $92,254 -55.5%
2013 $95,702 -53.8%
2014 $100,461 -51.5%
2015 $105,617 -49.0%
2016 $111,129 -46.4%
2017 $117,127 -43.5%
2018 $123,602 -40.3%
2019 $129,334 -37.6%
2020 $136,020 -34.4%
2021 $154,708 -25.3%
2022 $180,354 -13.0%
2023 $190,192 -8.2%
2024 $201,195 -2.9%
2025 $207,193 0.0%

Graph: estimated home values in Preemption over time (USD)



Example: 100% financing house in Preemption

Loan amount: $207,193

Interest rate: 6.00%

Fixed monthly payment: $1,242.23

Breakdown in the 1st month:
Interest portion: $1,035.97  –  Principal portion: $206.26

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $12,362.37 $2,544.35 $204,648.65
2 $12,205.44 $2,701.28 $201,947.36
3 $12,038.83 $2,867.89 $199,079.47
4 $11,861.94 $3,044.78 $196,034.69
5 $11,674.15 $3,232.57 $192,802.11
6 $11,474.77 $3,431.95 $189,370.16
7 $11,263.09 $3,643.63 $185,726.53
8 $11,038.36 $3,868.36 $181,858.17
9 $10,799.77 $4,106.95 $177,751.22
10 $10,546.46 $4,360.26 $173,390.96
11 $10,277.53 $4,629.19 $168,761.77
12 $9,992.01 $4,914.71 $163,847.07
13 $9,688.88 $5,217.84 $158,629.23
14 $9,367.06 $5,539.66 $153,089.57
15 $9,025.39 $5,881.34 $147,208.23
16 $8,662.64 $6,244.08 $140,964.15
17 $8,277.52 $6,629.20 $134,334.94
18 $7,868.64 $7,038.08 $127,296.86
19 $7,434.55 $7,472.17 $119,824.69
20 $6,973.68 $7,933.04 $111,891.65
21 $6,484.39 $8,422.33 $103,469.32
22 $5,964.92 $8,941.80 $94,527.51
23 $5,413.41 $9,493.31 $85,034.20
24 $4,827.88 $10,078.84 $74,955.36
25 $4,206.24 $10,700.48 $64,254.87
26 $3,546.26 $11,360.47 $52,894.41
27 $2,845.57 $12,061.15 $40,833.25
28 $2,101.66 $12,805.06 $28,028.20
29 $1,311.87 $13,594.85 $14,433.35
30 $473.37 $14,433.35 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Preemption, IL


1500 sqft3900 sqft
Ø selling price$197,836$420,850
Ø fast selling$179,850$378,765
Ø high price sale$215,821$462,934

In 2026, houses in Preemption, IL will be offered at an average price of $109 per square foot. A 1,500 sqft home priced at $197,836 is 24.08% more expensive per square foot than a 3,900 sqft home priced at $420,850. Home prices in Preemption, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $291,357. Sellers who can wait longer may achieve a higher price of up to $356,103.


Discover Preemption, IL


Preemption, IL is a small unincorporated community in Mercer County known for its rural character and friendly pace of life. Set amid rolling farmland and open skies, Preemption offers a quiet alternative to busier city centers in the Quad Cities region. Many visitors appreciate the blend of Midwestern charm and practical amenities found in and around Preemption, IL.

Location and Lifestyle


Residents benefit from convenient county road access to nearby employment, shopping, and healthcare throughout Mercer County and the greater Quad Cities. The lifestyle in Preemption, Illinois emphasizes outdoor recreation, community events, and strong neighborly connections. Agriculture plays a visible role in the local economy, shaping seasonal rhythms and scenic views. For families and professionals, living in Preemption means a balance of affordability, space, and small-town tranquility.

Visiting and Real Estate


Travelers often pair a stop in Preemption, IL with nearby parks, trails, and historic attractions across eastern Iowa and western Illinois. If you are searching for Mercer County real estate, you will find acreage, farmhouses, and single-family homes that suit a range of budgets. Whether you are relocating, investing, or planning a weekend drive, Preemption rewards you with open roads, big skies, and a welcoming community feel.



FAQ – Home Values in Preemption

What is the median home value in Preemption in 2026?

In 2026, the typical home value in Preemption is about $207,193 for an average home size of 1912 square feet. This corresponds to an average price of roughly $109 per square foot.

What is the average cost per square foot in Preemption?

In 2026, homes in Preemption sell for an average of around $109 per square foot, with a typical range between $85 and $85 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Preemption is about 1912 square feet, with an estimated 2026 value around $207,193.



Locations close to Preemption, IL

Prophetstown, IL55 $ / ft²
Rapids City, IL118 $ / ft²
Reynolds, IL94 $ / ft²
Port Byron, IL129 $ / ft²
Osco, IL81 $ / ft²
Orion, IL137 $ / ft²




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