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Is Mount Sterling, IL 62353 a buyer’s or seller’s market?

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

Mount Sterling is a buyer’s market. With about 6.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.3%Sold price ÷ list price
Median days on market229Listing to accepted offer
Median price per sq ft$128▲ +13.0% vs. last year

The Mount Sterling housing market right now

In the three months ending August 31, 2026, 0% of homes in Mount Sterling, IL 62353 sold above their list price, the typical home went under contract in 229 days and there were 6.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (110 days then) and the median sale price rose 7% to $181,172. Overall, Mount Sterling is less competitive than a year ago, which gives buyers more room.

Run the numbers for 62353

Prefilled for 62353Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62353Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Timewell 62375 — /sq ftVersailles 62378 — /sq ft Browse all markets →

Towns like Mount Sterling nearby

Find towns like Mount Sterling in other states →
Hannibal, MO63401 · 39 miles away83% similarlarger Rushville, IL62681 · 14 miles away80% similarcheaper homes ($40K less) · older residents Beardstown, IL62618 · 17 miles away80% similarcheaper homes ($63K less) Jacksonville, IL62650 · 32 miles away77% similarlarger

Where Mount Sterling is

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Questions about Mount Sterling real estate

Is Mount Sterling a buyer’s or seller’s market?

A buyer’s market: there were 6.9 months of supply in Mount Sterling, IL 62353 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 Mount Sterling?

The typical home went under contract in 229 days in the latest three months.

Do homes in Mount Sterling sell over asking?

0% 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 Mount Sterling?

About 1.52% of a home’s value a year in Brown County, or roughly $6,080 on a $400,000 home.

What is the median home price in Mount Sterling?

The median sale price was $181,172 in the three months ending August 31, 2026, about $128 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