Is Alhambra, IL 62001 a buyer’s or seller’s market?

The Alhambra housing market right now

In the three months ending August 31, 2026, 33% of homes in Alhambra, IL 62001 sold above their list price, the typical home went under contract in 57 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, 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 40%, homes sold more slowly (3 days then) and the median sale price fell 38% to $248,642. Overall, Alhambra is less competitive than a year ago, which gives buyers more room.

Within Madison County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell less often over asking than in 64%.

Nearby, buyers who want less competition could look at Venice 62090 (0% sold over asking) or New Douglas 62074 (0% sold over asking), while Saint Jacob 62281 (80% sold over asking) and Cottage Hills 62018 (63% sold over asking) are even more competitive.