Is Teutopolis, IL 62467 a buyer’s or seller’s market?
Teutopolis is a seller’s market. With about 1.8 months of supply and 29% 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 Teutopolis housing market right now
In the three months ending August 31, 2026, 29% of homes in Teutopolis, IL 62467 sold above their list price, the typical home went under contract in 1 day and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (20 days then) and the median sale price fell 7% to $252,891. Overall, Teutopolis is more competitive than a year ago, so tougher for buyers.
Within Effingham County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Shumway 62461 (0% sold over asking) or Mason 62443 (0% sold over asking), while Watson 62473 (100% sold over asking) is even more competitive.
Run the numbers for 62467
Nearby markets
Altamont 62411Seller’s market $131 /sq ftDieterich 62424Seller’s market $142 /sq ftEffingham 62401Seller’s market $140 /sq ftMason 62443 $104 /sq ft Browse all markets →Towns like Teutopolis nearby
Find towns like Teutopolis in other states →Where Teutopolis is
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Questions about Teutopolis real estate
Is Teutopolis a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Teutopolis, IL 62467 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 Teutopolis?
The typical home went under contract in 1 days in the latest three months.
Do homes in Teutopolis sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Teutopolis?
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 Teutopolis?
The median sale price was $252,891 in the three months ending August 31, 2026, about $128 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