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Is Dawson, IL 62520 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Dawson 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 list50%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market3Listing to accepted offer
Median price per sq ft$101▼ −19.4% vs. last year

The Dawson housing market right now

In the three months ending August 31, 2026, 50% of homes in Dawson, IL 62520 sold above their list price and the typical home went under contract in 3 days. With only 4 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 25%, homes sold faster (39 days then) and the median sale price fell 44% to $150,935. Overall, Dawson is more competitive than a year ago, so tougher for buyers.

Within Sangamon County, homes here sell faster than in 87% of the county’s ZIP codes, and sell more often over asking than in 83%.

Nearby, buyers who want less competition could look at Loami 62661 (0% sold over asking) or Cantrall 62625 (0% sold over asking), while Springfield 62707 (64% sold over asking) and Rochester 62563 (56% sold over asking) are even more competitive.

Run the numbers for 62520

Prefilled for 62520Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62520Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Auburn 62615Seller’s market $129 /sq ftBuffalo 62515 $107 /sq ftCantrall 62625 $152 /sq ftChatham 62629Seller’s market $149 /sq ft Browse all markets →

Towns like Dawson nearby

Find towns like Dawson in other states →
Mechanicsburg, IL62545 · 6 miles away89% similarcheaper homes ($48K less) · smaller Hopedale, IL61747 · 40 miles away85% similarcheaper homes ($38K less) · older homes Argenta, IL62501 · 35 miles away83% similarcheaper homes ($54K less) Warrensburg, IL62573 · 21 miles away81% similarcheaper homes ($66K less) · more renters

Where Dawson is

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Questions about Dawson real estate

How fast do homes sell in Dawson?

The typical home went under contract in 3 days in the latest three months.

Do homes in Dawson sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.

What are property taxes in Dawson?

About 1.99% of a home’s value a year in Sangamon County, or roughly $7,960 on a $400,000 home.

What is the median home price in Dawson?

The median sale price was $150,935 in the three months ending August 31, 2026, about $101 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