Is Staunton, IL 62088 a buyer’s or seller’s market?
Staunton is a buyer’s market. With about 7.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 22% of U.S. ZIP codes, and #447 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Staunton housing market right now
In the three months ending August 31, 2026, 38% of homes in Staunton, IL 62088 sold above their list price, the typical home went under contract in 42 days and there were 7.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold faster (52 days then) and the median sale price fell 21% to $144,937. Overall, Staunton is more competitive than a year ago, so tougher for buyers.
Within Macoupin County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell more often over asking than in 91%.
Nearby, buyers who want less competition could look at Shipman 62685 (0% sold over asking) or Palmyra 62674 (0% sold over asking), while Wilsonville 62093 (67% sold over asking) is even more competitive.
Run the numbers for 62088
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 Staunton nearby
Find towns like Staunton in other states →Where Staunton is
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Questions about Staunton real estate
Is Staunton a buyer’s or seller’s market?
A buyer’s market: there were 7.4 months of supply in Staunton, IL 62088 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 Staunton?
The typical home went under contract in 42 days in the latest three months.
Do homes in Staunton sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Staunton?
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 Staunton?
The median sale price was $144,937 in the three months ending August 31, 2026, about $111 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