Is Mode, IL 62444 a buyer’s or seller’s market?
Mode 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.
The Mode housing market right now
In the three months ending August 31, 2026, 100% of homes in Mode, IL 62444 sold above their list price and the typical home went under contract in 3 days. With only 1 sale, these figures can swing a lot from month to month.
Within Shelby County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Tower Hill 62571 (0% sold over asking) or Shelbyville 62565 (21% sold over asking).
Run the numbers for 62444
Nearby markets
Cowden 62422 — /sq ftFindlay 62534Seller’s market $116 /sq ftHerrick 62431 — /sq ftMoweaqua 62550Buyer’s market $105 /sq ft Browse all markets →Where Mode is
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Questions about Mode real estate
How fast do homes sell in Mode?
The typical home went under contract in 3 days in the latest three months.
Do homes in Mode sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Mode?
About 1.50% of a home’s value a year in Shelby County, or roughly $6,000 on a $400,000 home.
What is the median home price in Mode?
The median sale price was $149,935 in the three months ending August 31, 2026, about $104 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