Is Marshall, IL 62441 a buyer’s or seller’s market?
Marshall is a seller’s market. With about 3 months of supply and 27% 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.
More competitive than 44% of U.S. ZIP codes, and #401 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Marshall housing market right now
In the three months ending August 31, 2026, 27% of homes in Marshall, IL 62441 sold above their list price, the typical home went under contract in 81 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (40 days then) and the median sale price rose 45% to $249,892. Overall, Marshall is more competitive than a year ago, so tougher for buyers.
On our competition score, Marshall ranks #401 of 464 IL ZIP codes with enough sales (score 44 out of 100).
Nearby, buyers who want less competition could look at West Union 62477 (0% sold over asking), while Westfield 62474 (50% sold over asking) is even more competitive.
Run the numbers for 62441
Nearby markets
Casey 62420Balanced $124 /sq ftDennison 62423 — /sq ftMartinsville 62442 — /sq ftWest Union 62477Seller’s market $59 /sq ft Browse all markets →Towns like Marshall nearby
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Questions about Marshall real estate
Is Marshall a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Marshall, IL 62441 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 Marshall?
The typical home went under contract in 81 days in the latest three months.
Do homes in Marshall sell over asking?
27% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Marshall?
About 1.56% of a home’s value a year in Clark County, or roughly $6,240 on a $400,000 home.
What is the median home price in Marshall?
The median sale price was $249,892 in the three months ending August 31, 2026, about $147 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