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Is Watson, IL 62473 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Watson 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 list99.9%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$120▲ +44.6% vs. last year

The Watson housing market right now

In the three months ending August 31, 2026, 100% of homes in Watson, IL 62473 sold above their list price and the typical home went under contract in 23 days. With only 1 sale, 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 33%, homes sold about as fast and the median sale price fell 9% to $199,913. Overall, Watson is more competitive than a year ago, so tougher for buyers.

Within Effingham County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Shumway 62461 (0% sold over asking) or Mason 62443 (0% sold over asking).

Run the numbers for 62473

Prefilled for 62473Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62473Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 Watson nearby

Find towns like Watson in other states →
Patoka, IL62875 · 33 miles away92% similarVery close on income, prices and more Toledo, IL62468 · 26 miles away91% similarlarger Noble, IL62868 · 27 miles away89% similarVery close on income, prices and more Clay City, IL62824 · 25 miles away86% similarVery close on income, prices and more

Where Watson is

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Questions about Watson real estate

How fast do homes sell in Watson?

The typical home went under contract in 23 days in the latest three months.

Do homes in Watson sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Watson?

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 Watson?

The median sale price was $199,913 in the three months ending August 31, 2026, about $120 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