Is Nashville, IL 62263 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Nashville is a seller’s market. With about 1.6 months of supply and 17% 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.

Months of supply1.6Under 4 months = seller’s market
Sold above original list16.7%Share of sales, last 3 months
Median sale-to-list97%Sold price ÷ list price
Median days on market59Listing to accepted offer
Median price per sq ft$124▲ +28.0% vs. last year

The Nashville housing market right now

In the three months ending August 31, 2026, 17% of homes in Nashville, IL 62263 sold above their list price, the typical home went under contract in 59 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (56 days then) and the median sale price held steady to $206,136. Overall, Nashville is less competitive than a year ago, which gives buyers more room.

Within Washington County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%.

Nearby, buyers who want less competition could look at Richview 62877 (0% sold over asking) or Ashley 62808 (0% sold over asking), while Irvington 62848 (50% sold over asking) and Okawville 62271 (33% sold over asking) are even more competitive.

Nearby markets

Ashley 62808 $77 /sq ftDu Bois 62831 — /sq ftHoyleton 62803Seller’s market $135 /sq ftIrvington 62848Seller’s market $71 /sq ft Browse all markets →

Where Nashville is

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Questions about Nashville real estate

Is Nashville a buyer’s or seller’s market?

A seller’s market: there were 1.6 months of supply in Nashville, IL 62263 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 Nashville?

The typical home went under contract in 59 days in the latest three months.

Do homes in Nashville sell over asking?

17% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.

What are property taxes in Nashville?

About 1.87% of a home’s value a year in Washington County, or roughly $7,480 on a $400,000 home.

What is the median home price in Nashville?

The median sale price was $206,136 in the three months ending August 31, 2026, about $124 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