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Is Palestine, IL 62451 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Palestine 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.

Months of supply1.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list76.7%Sold price ÷ list price
Median days on market78Listing to accepted offer
Median price per sq ft$30

The Palestine housing market right now

In the three months ending August 31, 2026, 0% of homes in Palestine, IL 62451 sold above their list price, the typical home went under contract in 78 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.

Run the numbers for 62451

Prefilled for 62451Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62451Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Annapolis 62413 $70 /sq ftHutsonville 62433 — /sq ftOblong 62449 — /sq ftRobinson 62454Balanced $88 /sq ft Browse all markets →

Towns like Palestine nearby

Find towns like Palestine in other states →
Martinsville, IL62442 · 26 miles away89% similar5 min longer commute Oblong, IL62449 · 15 miles away84% similarnewer homes Noble, IL62868 · 38 miles away78% similarpricier homes ($27K more) · newer homes Sumner, IL62466 · 24 miles away76% similarlarger · newer homes

Where Palestine is

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Questions about Palestine real estate

Is Palestine a buyer’s or seller’s market?

A seller’s market: there were 1.1 months of supply in Palestine, IL 62451 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 Palestine?

The typical home went under contract in 78 days in the latest three months.

Do homes in Palestine sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 76.7% of the list price.

What are property taxes in Palestine?

About 1.49% of a home’s value a year in Crawford County, or roughly $5,960 on a $400,000 home.

What is the median home price in Palestine?

The median sale price was $29,987 in the three months ending August 31, 2026, about $30 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