Is Freeburg, IL 62243 a buyer’s or seller’s market?
Freeburg is a buyer’s market. With about 7.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Freeburg housing market right now
In the three months ending August 31, 2026, 57% of homes in Freeburg, IL 62243 sold above their list price, the typical home went under contract in 41 days and there were 7.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 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 55%, homes sold more slowly (35 days then) and the median sale price rose 17% to $319,862. Overall, Freeburg is about as competitive as it was a year ago.
Within St. Clair County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 96%.
Nearby, buyers who want less competition could look at Summerfield 62289 (0% sold over asking) or Saint Libory 62282 (0% sold over asking), while East Carondelet 62240 (75% sold over asking) is even more competitive.
Run the numbers for 62243
Nearby markets
Belleville 62220Seller’s market $112 /sq ftBelleville 62221Seller’s market $136 /sq ftBelleville 62223Seller’s market $116 /sq ftBelleville 62226Seller’s market $120 /sq ft Browse all markets →Towns like Freeburg nearby
Find towns like Freeburg in other states →Where Freeburg is
Loading map…
Questions about Freeburg real estate
Is Freeburg a buyer’s or seller’s market?
A buyer’s market: there were 7.3 months of supply in Freeburg, IL 62243 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 Freeburg?
The typical home went under contract in 41 days in the latest three months.
Do homes in Freeburg sell over asking?
57% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What are property taxes in Freeburg?
About 2.03% of a home’s value a year in St. Clair County, or roughly $8,120 on a $400,000 home.
What is the median home price in Freeburg?
The median sale price was $319,862 in the three months ending August 31, 2026, about $143 per square foot.
Local agents
See all agents in 62243 →No sponsored agents in 62243 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 62243
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology