Is Ellis Grove, IL 62241 a buyer’s or seller’s market?
Ellis Grove is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Ellis Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Ellis Grove, IL 62241 sold above their list price, the typical home went under contract in 41 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Within Randolph County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Steeleville 62288 (40% sold over asking) and Evansville 62242 (33% sold over asking) are even more competitive.
Run the numbers for 62241
Nearby markets
Baldwin 62217 — /sq ftChester 62233Buyer’s market $91 /sq ftEvansville 62242Seller’s market $92 /sq ftPercy 62272Seller’s market $79 /sq ft Browse all markets →Where Ellis Grove is
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Questions about Ellis Grove real estate
Is Ellis Grove a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Ellis Grove, IL 62241 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 Ellis Grove?
The typical home went under contract in 41 days in the latest three months.
Do homes in Ellis Grove sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.5% of the list price.
What are property taxes in Ellis Grove?
About 1.43% of a home’s value a year in Randolph County, or roughly $5,720 on a $400,000 home.
What is the median home price in Ellis Grove?
The median sale price was $94,959 in the three months ending August 31, 2026, about $135 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