Is Beason, IL 62512 a buyer’s or seller’s market?
Beason is a seller’s market. With about 3.2 months of supply and 0% 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 Beason housing market right now
In the three months ending August 31, 2026, 0% of homes in Beason, IL 62512 sold above their list price, the typical home went under contract in 48 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (0% then), homes sold more slowly (1 days then) and the median sale price fell 69% to $124,946. Overall, Beason is less competitive than a year ago, which gives buyers more room.
Within Logan County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Latham 62543 (50% sold over asking) and Mount Pulaski 62548 (50% sold over asking) are even more competitive.
Run the numbers for 62512
Nearby markets
Atlanta 61723Seller’s market $113 /sq ftChestnut 62518 — /sq ftElkhart 62634Seller’s market $113 /sq ftEmden 62635Seller’s market $147 /sq ft Browse all markets →Where Beason is
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Questions about Beason real estate
Is Beason a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Beason, IL 62512 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 Beason?
The typical home went under contract in 48 days in the latest three months.
Do homes in Beason sell over asking?
0% 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 Beason?
About 1.77% of a home’s value a year in Logan County, or roughly $7,080 on a $400,000 home.
What is the median home price in Beason?
The median sale price was $124,946 in the three months ending August 31, 2026, about $97 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