Is Matherville, IL 61263 a buyer’s or seller’s market?
Matherville is a seller’s market. With about 3.2 months of supply and 100% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Matherville housing market right now
In the three months ending August 31, 2026, 100% of homes in Matherville, IL 61263 sold above their list price, the typical home went under contract in 3 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold faster (20 days then) and the median sale price fell 11% to $99,957. Overall, Matherville is more competitive than a year ago, so tougher for buyers.
Within Mercer County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Viola 61486 (0% sold over asking) or North Henderson 61466 (0% sold over asking).
Run the numbers for 61263
Nearby markets
Aledo 61231Seller’s market $93 /sq ftAlexis 61412Seller’s market $67 /sq ftJoy 61260Seller’s market $44 /sq ftKeithsburg 61442 — /sq ft Browse all markets →Where Matherville is
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Questions about Matherville real estate
Is Matherville a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Matherville, IL 61263 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Matherville?
The typical home went under contract in 3 days in the latest three months.
Do homes in Matherville sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 117.6% of the list price.
What are property taxes in Matherville?
About 1.96% of a home’s value a year in Mercer County, or roughly $7,840 on a $400,000 home.
What is the median home price in Matherville?
The median sale price was $99,957 in the three months ending August 31, 2026, about $108 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology