Is Argenta, IL 62501 a buyer’s or seller’s market?
Argenta is a seller’s market. With about 2.4 months of supply and 38% 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 Argenta housing market right now
In the three months ending August 31, 2026, 38% of homes in Argenta, IL 62501 sold above their list price, the typical home went under contract in 17 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 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 20%, homes sold faster (41 days then) and the median sale price fell 2% to $216,156. Overall, Argenta is more competitive than a year ago, so tougher for buyers.
Within Macon County, homes here sell faster than in 82% 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 Macon 62544 (0% sold over asking) or Dalton City 61925 (0% sold over asking).
Run the numbers for 62501
Nearby markets
Dalton City 61925 $122 /sq ftDecatur 62521Seller’s market $91 /sq ftDecatur 62522Seller’s market $75 /sq ftDecatur 62523 — /sq ft Browse all markets →Towns like Argenta nearby
Find towns like Argenta in other states →Where Argenta is
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Questions about Argenta real estate
Is Argenta a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Argenta, IL 62501 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 Argenta?
The typical home went under contract in 17 days in the latest three months.
Do homes in Argenta sell over asking?
38% 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 Argenta?
About 2.12% of a home’s value a year in Macon County, or roughly $8,480 on a $400,000 home.
What is the median home price in Argenta?
The median sale price was $216,156 in the three months ending August 31, 2026, about $125 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