Is Cottage Hills, IL 62018 a buyer’s or seller’s market?
Cottage Hills is a seller’s market. With about 2.8 months of supply and 63% 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 Cottage Hills housing market right now
In the three months ending August 31, 2026, 63% of homes in Cottage Hills, IL 62018 sold above their list price, the typical home went under contract in 21 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (63% then), homes sold faster (36 days then) and the median sale price rose 55% to $167,428. Overall, Cottage Hills is more competitive than a year ago, so tougher for buyers.
Within Madison County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 96%.
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) is even more competitive.
Run the numbers for 62018
Nearby markets
Alhambra 62001Seller’s market $118 /sq ftAlton 62002Seller’s market $107 /sq ftBethalto 62010Seller’s market $141 /sq ftCollinsville 62234Seller’s market $127 /sq ft Browse all markets →Towns like Cottage Hills nearby
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Questions about Cottage Hills real estate
Is Cottage Hills a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Cottage Hills, IL 62018 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 Cottage Hills?
The typical home went under contract in 21 days in the latest three months.
Do homes in Cottage Hills sell over asking?
63% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Cottage Hills?
About 1.92% of a home’s value a year in Madison County, or roughly $7,680 on a $400,000 home.
What is the median home price in Cottage Hills?
The median sale price was $167,428 in the three months ending August 31, 2026, about $150 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