Is Alexis, IL 61412 a buyer’s or seller’s market?
Alexis is a seller’s market. With about 3.2 months of supply and 0% 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 Alexis housing market right now
In the three months ending August 31, 2026, 0% of homes in Alexis, IL 61412 sold above their list price, the typical home went under contract in 65 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 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (42 days then) and the median sale price rose 75% to $218,905. Overall, Alexis is less competitive than a year ago, which gives buyers more room.
Within Mercer County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Matherville 61263 (100% sold over asking) and Reynolds 61279 (67% sold over asking) are even more competitive.
Run the numbers for 61412
Nearby markets
Aledo 61231Seller’s market $93 /sq ftJoy 61260Seller’s market $44 /sq ftKeithsburg 61442 — /sq ftMatherville 61263Seller’s market $108 /sq ft Browse all markets →Towns like Alexis nearby
Find towns like Alexis in other states →Where Alexis is
Loading map…
Questions about Alexis real estate
Is Alexis a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Alexis, IL 61412 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 Alexis?
The typical home went under contract in 65 days in the latest three months.
Do homes in Alexis sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.8% of the list price.
What are property taxes in Alexis?
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 Alexis?
The median sale price was $218,905 in the three months ending August 31, 2026, about $67 per square foot.
Local agents
See all agents in 61412 →No sponsored agents in 61412 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61412
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology