Is Warsaw, IL 62379 a buyer’s or seller’s market?
Warsaw is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Warsaw housing market right now
In the three months ending August 31, 2026, 0% of homes in Warsaw, IL 62379 sold above their list price, the typical home went under contract in 52 days and there were 5 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. With only 9 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 50%, homes sold faster (74 days then) and the median sale price fell 31% to $75,467. Overall, Warsaw is less competitive than a year ago, which gives buyers more room.
Within Hancock County, homes here sell faster than in 83% of the county’s ZIP codes, and sell 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 62379
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 Warsaw nearby
Find towns like Warsaw in other states →Where Warsaw is
Loading map…
Questions about Warsaw real estate
Is Warsaw a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Warsaw, IL 62379 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 Warsaw?
The typical home went under contract in 52 days in the latest three months.
Do homes in Warsaw sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Warsaw?
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 Warsaw?
The median sale price was $75,467 in the three months ending August 31, 2026, about $56 per square foot.
Local agents
See all agents in 62379 →No sponsored agents in 62379 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 62379
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology