Is Cowden, IL 62422 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Cowden is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Cowden housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Shelby County, IL

Population	926
Median income	$75,074
Average income	$82,429
Median home value	$105,900
Median rent	$720/month
Owner-occupied	79% of homes
Median year built	1976

Natural hazard riskWinter storms (relatively high), earthquakes (moderate), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 62422; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62422

Prefilled for 62422Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62422Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Findlay 62534Seller’s market $116 /sq ft Herrick 62431 — /sq ft Mode 62444 $104 /sq ft Moweaqua 62550Buyer’s market $105 /sq ft Browse all markets →

Where Cowden is

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Questions about Cowden real estate

What are property taxes in Cowden?

About 1.50% of a home’s value a year in Shelby County, or roughly $6,000 on a $400,000 home.

Local agents

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More tools for 62422

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Shelby County property taxes Shelby County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology