Is Dieterich, IL 62424 a buyer’s or seller’s market?
Dieterich is a seller’s market. With about 1.1 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 Dieterich housing market right now
In the three months ending August 31, 2026, 0% of homes in Dieterich, IL 62424 sold above their list price, the typical home went under contract in 80 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 (0 days then) and the median sale price fell 4% to $383,834. Overall, Dieterich is less competitive than a year ago, which gives buyers more room.
Within Effingham County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Watson 62473 (100% sold over asking) and Teutopolis 62467 (29% sold over asking) are even more competitive.
Run the numbers for 62424
Nearby markets
Altamont 62411Seller’s market $131 /sq ftEffingham 62401Seller’s market $140 /sq ftMason 62443 $104 /sq ftShumway 62461Buyer’s market $121 /sq ft Browse all markets →Towns like Dieterich nearby
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Questions about Dieterich real estate
Is Dieterich a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Dieterich, IL 62424 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 Dieterich?
The typical home went under contract in 80 days in the latest three months.
Do homes in Dieterich sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Dieterich?
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 Dieterich?
The median sale price was $383,834 in the three months ending August 31, 2026, about $142 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