Is South Roxana, IL 62087 a buyer’s or seller’s market?
South Roxana is a seller’s market. With about 2.1 months of supply and 33% 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 South Roxana housing market right now
In the three months ending August 31, 2026, 33% of homes in South Roxana, IL 62087 sold above their list price, the typical home went under contract in 34 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold more slowly (27 days then) and the median sale price rose 8% to $96,208. Overall, South Roxana is about as competitive as it was a year ago.
Within Madison County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell less often over asking than in 64%.
Nearby, buyers who want less competition could look at Venice 62090 (0% sold over asking) or New Douglas 62074 (0% sold over asking), while Saint Jacob 62281 (80% sold over asking) and Cottage Hills 62018 (63% sold over asking) are even more competitive.
Run the numbers for 62087
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 South Roxana nearby
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Questions about South Roxana real estate
Is South Roxana a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in South Roxana, IL 62087 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 South Roxana?
The typical home went under contract in 34 days in the latest three months.
Do homes in South Roxana sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in South Roxana?
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 South Roxana?
The median sale price was $96,208 in the three months ending August 31, 2026, about $102 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