Is Altamont, IL 62411 a buyer’s or seller’s market?
Altamont is a seller’s market. With about 3.5 months of supply and 10% 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 Altamont housing market right now
In the three months ending August 31, 2026, 10% of homes in Altamont, IL 62411 sold above their list price, the typical home went under contract in 30 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold faster (34 days then) and the median sale price rose 22% to $196,915. Overall, Altamont is about as competitive as it was a year ago.
Within Effingham County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Shumway 62461 (0% sold over asking) or Mason 62443 (0% sold over asking), while Watson 62473 (100% sold over asking) and Teutopolis 62467 (29% sold over asking) are even more competitive.
Run the numbers for 62411
Nearby markets
Dieterich 62424Seller’s market $142 /sq ftEffingham 62401Seller’s market $140 /sq ftMason 62443 $104 /sq ftShumway 62461Buyer’s market $121 /sq ft Browse all markets →Towns like Altamont nearby
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Questions about Altamont real estate
Is Altamont a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Altamont, IL 62411 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 Altamont?
The typical home went under contract in 30 days in the latest three months.
Do homes in Altamont sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Altamont?
About 1.49% of a home’s value a year in Effingham County, or roughly $5,960 on a $400,000 home.
What is the median home price in Altamont?
The median sale price was $196,915 in the three months ending August 31, 2026, about $131 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