Is Elsah, IL 62028 a buyer’s or seller’s market?
Elsah is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Elsah housing market right now
In the three months ending August 31, 2026, 50% of homes in Elsah, IL 62028 sold above their list price, the typical home went under contract in 30 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 100%, homes sold more slowly (18 days then) and the median sale price rose 67% to $233,899. Overall, Elsah is less competitive than a year ago, which gives buyers more room.
Within Jersey County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Dow 62022 (0% sold over asking) or Grafton 62037 (11% sold over asking).
Run the numbers for 62028
Nearby markets
Brighton 62012Seller’s market $152 /sq ftDow 62022Seller’s market $109 /sq ftFieldon 62031 $77 /sq ftGrafton 62037Balanced $143 /sq ft Browse all markets →Towns like Elsah nearby
Find towns like Elsah in other states →Where Elsah is
Loading map…
Questions about Elsah real estate
Is Elsah a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Elsah, IL 62028 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 Elsah?
The typical home went under contract in 30 days in the latest three months.
Do homes in Elsah sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Elsah?
About 1.76% of a home’s value a year in Jersey County, or roughly $7,040 on a $400,000 home.
What is the median home price in Elsah?
The median sale price was $233,899 in the three months ending August 31, 2026, about $126 per square foot.
Local agents
See all agents in 62028 →No sponsored agents in 62028 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 62028
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology