Is Good Hope, IL 61438 a buyer’s or seller’s market?
Good Hope is a seller’s market. With about 2.1 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 Good Hope housing market right now
In the three months ending August 31, 2026, 0% of homes in Good Hope, IL 61438 sold above their list price, the typical home went under contract in 42 days and there were 2.1 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 was about the same (0% then), homes sold more slowly (17 days then) and the median sale price fell 60% to $159,931. Overall, Good Hope is less competitive than a year ago, which gives buyers more room.
Within McDonough County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Colchester 62326 (33% sold over asking) and Macomb 61455 (12% sold over asking) are even more competitive.
Run the numbers for 61438
Nearby markets
Adair 61411 — /sq ftBlandinsville 61420Balanced $76 /sq ftBushnell 61422Buyer’s market $76 /sq ftColchester 62326Seller’s market $81 /sq ft Browse all markets →Where Good Hope is
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Questions about Good Hope real estate
Is Good Hope a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Good Hope, IL 61438 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 Good Hope?
The typical home went under contract in 42 days in the latest three months.
Do homes in Good Hope sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 87.0% of the list price.
What are property taxes in Good Hope?
About 2.13% of a home’s value a year in McDonough County, or roughly $8,520 on a $400,000 home.
What is the median home price in Good Hope?
The median sale price was $159,931 in the three months ending August 31, 2026, about $63 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