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Is Illiopolis, IL 62539 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Illiopolis 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 list0%Share of sales, last 3 months
Median sale-to-list90.2%Sold price ÷ list price
Median days on market16Listing to accepted offer
Median price per sq ft$73▼ −24.6% vs. last year

The Illiopolis housing market right now

In the three months ending August 31, 2026, 0% of homes in Illiopolis, IL 62539 sold above their list price and the typical home went under contract in 16 days. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (46 days then) and the median sale price fell 35% to $89,961. Overall, Illiopolis is less competitive than a year ago, which gives buyers more room.

Within Sangamon County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Springfield 62707 (64% sold over asking) and Rochester 62563 (56% sold over asking) are even more competitive.

Run the numbers for 62539

Prefilled for 62539Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62539Over-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 Illiopolis nearby

Find towns like Illiopolis in other states →
Cerro Gordo, IL61818 · 28 miles away86% similarolder homes Elkhart, IL62634 · 16 miles away85% similarVery close on income, prices and more Maroa, IL61756 · 20 miles away84% similarpricier homes ($58K more) · larger Divernon, IL62530 · 29 miles away84% similarpricier homes ($37K more) · 6 min longer commute

Where Illiopolis is

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Questions about Illiopolis real estate

How fast do homes sell in Illiopolis?

The typical home went under contract in 16 days in the latest three months.

Do homes in Illiopolis sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 90.2% of the list price.

What are property taxes in Illiopolis?

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 Illiopolis?

The median sale price was $89,961 in the three months ending August 31, 2026, about $73 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