Is Medora, IL 62063 a buyer’s or seller’s market?
Medora is a seller’s market. With about 1.6 months of supply and 50% 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 Medora housing market right now
In the three months ending August 31, 2026, 50% of homes in Medora, IL 62063 sold above their list price, the typical home went under contract in 67 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Within Jersey County, homes here sell more slowly than in any other ZIP code in the county, 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 62063
Nearby markets
Brighton 62012Seller’s market $152 /sq ftDow 62022Seller’s market $109 /sq ftElsah 62028Buyer’s market $126 /sq ftFieldon 62031 $77 /sq ft Browse all markets →Where Medora is
Loading map…
Questions about Medora real estate
Is Medora a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Medora, IL 62063 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 Medora?
The typical home went under contract in 67 days in the latest three months.
Do homes in Medora sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Medora?
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 Medora?
The median sale price was $153,933 in the three months ending August 31, 2026, about $80 per square foot.
Local agents
See all agents in 62063 →No sponsored agents in 62063 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 62063
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology