Is Saint Jacob, IL 62281 a buyer’s or seller’s market?
Saint Jacob is a seller’s market. With about 3.8 months of supply and 80% 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.
The Saint Jacob housing market right now
In the three months ending August 31, 2026, 80% of homes in Saint Jacob, IL 62281 sold above their list price, the typical home went under contract in 33 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 13%, homes sold faster (52 days then) and the median sale price fell 26% to $279,879. Overall, Saint Jacob is more competitive than a year ago, so tougher for buyers.
Within Madison County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Venice 62090 (0% sold over asking) or New Douglas 62074 (0% sold over asking).
Run the numbers for 62281
Nearby markets
Alhambra 62001Seller’s market $118 /sq ftAlton 62002Seller’s market $107 /sq ftBethalto 62010Seller’s market $141 /sq ftCollinsville 62234Seller’s market $127 /sq ft Browse all markets →Towns like Saint Jacob nearby
Find towns like Saint Jacob in other states →Where Saint Jacob is
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Questions about Saint Jacob real estate
Is Saint Jacob a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Saint Jacob, IL 62281 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 Saint Jacob?
The typical home went under contract in 33 days in the latest three months.
Do homes in Saint Jacob sell over asking?
80% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Saint Jacob?
About 1.92% of a home’s value a year in Madison County, or roughly $7,680 on a $400,000 home.
What is the median home price in Saint Jacob?
The median sale price was $279,879 in the three months ending August 31, 2026, about $174 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