Is Wapella, IL 61777 a buyer’s or seller’s market?
Wapella 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 Wapella housing market right now
In the three months ending August 31, 2026, 0% of homes in Wapella, IL 61777 sold above their list price, the typical home went under contract in 27 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 fell from 33%, homes sold faster (71 days then) and the median sale price fell 14% to $214,907. Overall, Wapella is less competitive than a year ago, which gives buyers more room.
Within De Witt County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Waynesville 61778 (100% sold over asking) and Weldon 61882 (67% sold over asking) are even more competitive.
Run the numbers for 61777
Nearby markets
Clinton 61727Seller’s market $93 /sq ftDewitt 61735Buyer’s market $222 /sq ftFarmer City 61842Seller’s market $127 /sq ftKenney 61749Seller’s market $131 /sq ft Browse all markets →Where Wapella is
Loading map…
Questions about Wapella real estate
Is Wapella a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Wapella, IL 61777 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 Wapella?
The typical home went under contract in 27 days in the latest three months.
Do homes in Wapella sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Wapella?
About 1.78% of a home’s value a year in De Witt County, or roughly $7,120 on a $400,000 home.
What is the median home price in Wapella?
The median sale price was $214,907 in the three months ending August 31, 2026, about $115 per square foot.
Local agents
See all agents in 61777 →No sponsored agents in 61777 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61777
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology