Is Red Bud, IL 62278 a buyer’s or seller’s market?
Red Bud is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 53% of U.S. ZIP codes, and #362 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 Red Bud housing market right now
In the three months ending August 31, 2026, 21% of homes in Red Bud, IL 62278 sold above their list price, the typical home went under contract in 50 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold more slowly (33 days then) and the median sale price rose 7% to $230,400. Overall, Red Bud is less competitive than a year ago, which gives buyers more room.
Within Monroe County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 60%.
Nearby, buyers who want less competition could look at Renault 62279 (0% sold over asking), while Valmeyer 62295 (100% sold over asking) and Columbia 62236 (38% sold over asking) are even more competitive.
Run the numbers for 62278
Nearby markets
Columbia 62236Seller’s market $156 /sq ftFults 62244Seller’s market $179 /sq ftHecker 62248 — /sq ftRenault 62279 — /sq ft Browse all markets →Towns like Red Bud nearby
Find towns like Red Bud in other states →Where Red Bud is
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Questions about Red Bud real estate
Is Red Bud a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Red Bud, IL 62278 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 Red Bud?
The typical home went under contract in 50 days in the latest three months.
Do homes in Red Bud sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Red Bud?
About 1.63% of a home’s value a year in Monroe County, or roughly $6,520 on a $400,000 home.
What is the median home price in Red Bud?
The median sale price was $230,400 in the three months ending August 31, 2026, about $122 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