Is Alpha, IL 61413 a buyer’s or seller’s market?
Alpha is a seller’s market. With about 0.7 months of supply and 67% 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 Alpha housing market right now
In the three months ending August 31, 2026, 67% of homes in Alpha, IL 61413 sold above their list price, the typical home went under contract in 13 days and there were 0.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, 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 0%, homes sold faster (18 days then) and the median sale price rose 26% to $131,943. Overall, Alpha is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Lynn Center 61262 (0% sold over asking) or Atkinson 61235 (0% sold over asking).
Run the numbers for 61413
Nearby markets
Andover 61233Seller’s market $91 /sq ftAnnawan 61234Seller’s market $92 /sq ftAtkinson 61235Seller’s market $67 /sq ftCambridge 61238Balanced $106 /sq ft Browse all markets →Towns like Alpha nearby
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Questions about Alpha real estate
Is Alpha a buyer’s or seller’s market?
A seller’s market: there were 0.7 months of supply in Alpha, IL 61413 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 Alpha?
The typical home went under contract in 13 days in the latest three months.
Do homes in Alpha sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Alpha?
About 1.99% of a home’s value a year in Henry County, or roughly $7,960 on a $400,000 home.
What is the median home price in Alpha?
The median sale price was $131,943 in the three months ending August 31, 2026, about $104 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