Is Hillsboro, IL 62049 a buyer’s or seller’s market?

The Hillsboro housing market right now

In the three months ending August 31, 2026, 28% of homes in Hillsboro, IL 62049 sold above their list price, the typical home went under contract in 38 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (75 days then) and the median sale price fell 25% to $107,953. Overall, Hillsboro is more competitive than a year ago, so tougher for buyers.

Within Montgomery County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 78%. On our competition score, Hillsboro ranks #383 of 464 IL ZIP codes with enough sales (score 47 out of 100).

Nearby, buyers who want less competition could look at Raymond 62560 (0% sold over asking) or Harvel 62538 (0% sold over asking), while Coffeen 62017 (100% sold over asking) and Panama 62077 (50% sold over asking) are even more competitive.