Is Hamilton, IL 62341 a buyer’s or seller’s market?
Hamilton is a seller’s market. With about 3.2 months of supply and 0% 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 Hamilton housing market right now
In the three months ending August 31, 2026, 0% of homes in Hamilton, IL 62341 sold above their list price, the typical home went under contract in 128 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (77 days then) and the median sale price fell 31% to $68,720. Overall, Hamilton is less competitive than a year ago, which gives buyers more room.
Within Hancock County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Nauvoo 62354 (50% sold over asking) is even more competitive.
Run the numbers for 62341
Nearby markets
Augusta 62311Buyer’s market $48 /sq ftBowen 62316 — /sq ftCarthage 62321Buyer’s market $37 /sq ftDallas City 62330Buyer’s market $25 /sq ft Browse all markets →Towns like Hamilton nearby
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Questions about Hamilton real estate
Is Hamilton a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Hamilton, IL 62341 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 Hamilton?
The typical home went under contract in 128 days in the latest three months.
Do homes in Hamilton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 87.0% of the list price.
What are property taxes in Hamilton?
About 1.81% of a home’s value a year in Hancock County, or roughly $7,240 on a $400,000 home.
What is the median home price in Hamilton?
The median sale price was $68,720 in the three months ending August 31, 2026, about $70 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