Is Chestnut, IL 62518 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Chestnut 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 list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Chestnut housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Logan County, IL

Population	509
Average income	$84,046
Median home value	$140,300
Owner-occupied	96% of homes
Median year built	1970

Natural hazard riskExtreme heat (relatively high), tornadoes (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 62518; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62518

Prefilled for 62518Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62518Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Atlanta 61723Seller’s market $113 /sq ft Beason 62512Seller’s market $97 /sq ft Elkhart 62634Seller’s market $113 /sq ft Emden 62635Seller’s market $147 /sq ft Browse all markets →

Where Chestnut is

Loading map…

Questions about Chestnut real estate

What are property taxes in Chestnut?

About 1.77% of a home’s value a year in Logan County, or roughly $7,080 on a $400,000 home.

Local agents

See all agents in 62518 →

No sponsored agents in 62518 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 62518

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Logan County property taxes Logan County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="62518"><a href="https://offerbacked.com/market/62518">Chestnut, IL 62518 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology