Is Oquawka, IL 61469 a buyer’s or seller’s market?
Oquawka is a seller’s market. With about 2.6 months of supply and 40% 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 Oquawka housing market right now
In the three months ending August 31, 2026, 40% of homes in Oquawka, IL 61469 sold above their list price, the typical home went under contract in 42 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (110 days then) and the median sale price fell 14% to $124,946. Overall, Oquawka is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Stronghurst 61480 (0% sold over asking) or Gladstone 61437 (0% sold over asking).
Run the numbers for 61469
Nearby markets
Biggsville 61418Seller’s market $77 /sq ftCarman 61425 — /sq ftGladstone 61437Buyer’s market $76 /sq ftLomax 61454 — /sq ft Browse all markets →Towns like Oquawka nearby
Find towns like Oquawka in other states →Where Oquawka is
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Questions about Oquawka real estate
Is Oquawka a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Oquawka, IL 61469 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 Oquawka?
The typical home went under contract in 42 days in the latest three months.
Do homes in Oquawka sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 104.4% of the list price.
What are property taxes in Oquawka?
About 1.58% of a home’s value a year in Henderson County, or roughly $6,320 on a $400,000 home.
What is the median home price in Oquawka?
The median sale price was $124,946 in the three months ending August 31, 2026, about $78 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