Is Alton, IL 62002 a buyer’s or seller’s market?

The Alton housing market right now

In the three months ending August 31, 2026, 22% of homes in Alton, IL 62002 sold above their list price, the typical home went under contract in 43 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 114 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold faster (46 days then) and the median sale price fell 4% to $129,944. Overall, Alton is less competitive than a year ago, which gives buyers more room.

Within Madison County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Alton ranks #396 of 464 IL ZIP codes with enough sales (score 45 out of 100).

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.