Is Gillespie, IL 62033 a buyer’s or seller’s market?
Gillespie is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Gillespie housing market right now
In the three months ending August 31, 2026, 0% of homes in Gillespie, IL 62033 sold above their list price, the typical home went under contract in 48 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (41 days then) and the median sale price rose 68% to $208,910. Overall, Gillespie is less competitive than a year ago, which gives buyers more room.
Within Macoupin County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Wilsonville 62093 (67% sold over asking) and Staunton 62088 (38% sold over asking) are even more competitive.
Run the numbers for 62033
Nearby markets
Benld 62009Buyer’s market $95 /sq ftBunker Hill 62014Seller’s market $128 /sq ftCarlinville 62626Seller’s market $92 /sq ftChesterfield 62630 — /sq ft Browse all markets →Towns like Gillespie nearby
Find towns like Gillespie in other states →Where Gillespie is
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Questions about Gillespie real estate
Is Gillespie a buyer’s or seller’s market?
A balanced market: there were 4.1 months of supply in Gillespie, IL 62033 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 Gillespie?
The typical home went under contract in 48 days in the latest three months.
Do homes in Gillespie sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.
What are property taxes in Gillespie?
About 1.50% of a home’s value a year in Macoupin County, or roughly $6,000 on a $400,000 home.
What is the median home price in Gillespie?
The median sale price was $208,910 in the three months ending August 31, 2026, about $109 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