Is Steeleville, IL 62288 a buyer’s or seller’s market?
Steeleville is a buyer’s market. With about 7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Steeleville housing market right now
In the three months ending August 31, 2026, 40% of homes in Steeleville, IL 62288 sold above their list price, the typical home went under contract in 76 days and there were 7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 0%, homes sold faster (78 days then) and the median sale price rose 20% to $124,946. Overall, Steeleville is more competitive than a year ago, so tougher for buyers.
Within Randolph County, homes here sell more slowly than in 67% 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 Prairie Du Rocher 62277 (0% sold over asking) or Ellis Grove 62241 (0% sold over asking).
Run the numbers for 62288
Nearby markets
Baldwin 62217 — /sq ftChester 62233Buyer’s market $91 /sq ftEllis Grove 62241Buyer’s market $135 /sq ftEvansville 62242Seller’s market $92 /sq ft Browse all markets →Towns like Steeleville nearby
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Questions about Steeleville real estate
Is Steeleville a buyer’s or seller’s market?
A buyer’s market: there were 7 months of supply in Steeleville, IL 62288 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 Steeleville?
The typical home went under contract in 76 days in the latest three months.
Do homes in Steeleville sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Steeleville?
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 Steeleville?
The median sale price was $124,946 in the three months ending August 31, 2026, about $105 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