Is New Douglas, IL 62074 a buyer’s or seller’s market?
New Douglas is a seller’s market. With about 0.6 months of supply and 0% 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 New Douglas housing market right now
In the three months ending August 31, 2026, 0% of homes in New Douglas, IL 62074 sold above their list price, the typical home went under contract in 55 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (44 days then) and the median sale price fell 78% to $118,449. Overall, New Douglas is less competitive than a year ago, which gives buyers more room.
Within Madison County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Saint Jacob 62281 (80% sold over asking) and Cottage Hills 62018 (63% sold over asking) are even more competitive.
Run the numbers for 62074
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 New Douglas nearby
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Questions about New Douglas real estate
Is New Douglas a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in New Douglas, IL 62074 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 New Douglas?
The typical home went under contract in 55 days in the latest three months.
Do homes in New Douglas sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in New Douglas?
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 New Douglas?
The median sale price was $118,449 in the three months ending August 31, 2026, about $90 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