Is Vandalia, IL 62471 a buyer’s or seller’s market?

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

Vandalia is a seller’s market. With about 2.1 months of supply and 13% 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.

Competition score43/ 100

More competitive than 43% of U.S. ZIP codes, and #406 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

Months of supply2.1Under 4 months = seller’s market
Sold above original list12.9%Share of sales, last 3 months
Median sale-to-list94.8%Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft$96▲ +39.4% vs. last year

The Vandalia housing market right now

In the three months ending August 31, 2026, 13% of homes in Vandalia, IL 62471 sold above their list price, the typical home went under contract in 21 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 32 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (38 days then) and the median sale price rose 41% to $140,689. Overall, Vandalia is more competitive than a year ago, so tougher for buyers.

Within Fayette County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Vandalia ranks #406 of 464 IL ZIP codes with enough sales (score 43 out of 100).

Nearby, buyers who want less competition could look at Saint Peter 62880 (0% sold over asking), while Ramsey 62080 (50% sold over asking) and Brownstown 62418 (33% sold over asking) are even more competitive.

Nearby markets

Beecher City 62414 — /sq ftBrownstown 62418 $130 /sq ftFarina 62838Seller’s market $63 /sq ftRamsey 62080Buyer’s market $78 /sq ft Browse all markets →

Where Vandalia is

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Questions about Vandalia real estate

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

A seller’s market: there were 2.1 months of supply in Vandalia, IL 62471 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 Vandalia?

The typical home went under contract in 21 days in the latest three months.

Do homes in Vandalia sell over asking?

13% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.

What are property taxes in Vandalia?

About 1.45% of a home’s value a year in Fayette County, or roughly $5,800 on a $400,000 home.

What is the median home price in Vandalia?

The median sale price was $140,689 in the three months ending August 31, 2026, about $96 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