Is Charleston, IL 61920 a buyer’s or seller’s market?
Charleston is a seller’s market. With about 1.6 months of supply and 31% 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.
More competitive than 70% of U.S. ZIP codes, and #226 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Charleston housing market right now
In the three months ending August 31, 2026, 31% of homes in Charleston, IL 61920 sold above their list price, the typical home went under contract in 25 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 69 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold faster (27 days then) and the median sale price fell 3% to $167,927. Overall, Charleston is more competitive than a year ago, so tougher for buyers.
Within Coles County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Charleston ranks #226 of 464 IL ZIP codes with enough sales (score 67 out of 100).
Nearby, buyers who want less competition could look at Humboldt 61931 (0% sold over asking) or Ashmore 61912 (0% sold over asking).
Run the numbers for 61920
Nearby markets
Ashmore 61912Buyer’s market $117 /sq ftHumboldt 61931Seller’s market $133 /sq ftLerna 62440 — /sq ftMattoon 61938Seller’s market $107 /sq ft Browse all markets →Towns like Charleston nearby
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Questions about Charleston real estate
Is Charleston a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Charleston, IL 61920 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 Charleston?
The typical home went under contract in 25 days in the latest three months.
Do homes in Charleston sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Charleston?
About 1.94% of a home’s value a year in Coles County, or roughly $7,760 on a $400,000 home.
What is the median home price in Charleston?
The median sale price was $167,927 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