Is Sigel, IL 62462 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Sigel 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 Sigel housing market right now

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

About the area

Shelby County, IL

Population	971
Median income	$102,708
Average income	$109,385
Median home value	$173,400
Median rent	$760/month
Owner-occupied	88% of homes
Median year built	1970

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 62462; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62462

Prefilled for 62462Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62462Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cowden 62422 — /sq ft Findlay 62534Seller’s market $116 /sq ft Herrick 62431 — /sq ft Mode 62444 $104 /sq ft Browse all markets →

Where Sigel is

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Questions about Sigel real estate

What are property taxes in Sigel?

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 62462

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