Is Latham, IL 62543 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Latham 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-list101.2%Sold price ÷ list price

Median days on market9Listing to accepted offer

Median price per sq ft$108▲ +59.8% vs. last year

The Latham housing market right now

In the three months ending August 31, 2026, 50% of homes in Latham, IL 62543 sold above their list price and the typical home went under contract in 9 days. With only 2 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 0%, homes sold faster (37 days then) and the median sale price rose 228% to $261,337. Overall, Latham is more competitive than a year ago, so tougher for buyers.

Within Logan County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 75%.

Nearby, buyers who want less competition could look at Middletown 62666 (0% sold over asking) or Emden 62635 (0% sold over asking).

About the area

Logan County, IL

Population	477
Median income	$73,594
Average income	$96,225
Median home value	$87,800
Median rent	$700/month
Owner-occupied	75% of homes
Median year built	1942

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 62543; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62543

Prefilled for 62543Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62543Over-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 Chestnut 62518 — /sq ft Elkhart 62634Seller’s market $113 /sq ft Browse all markets →

Where Latham is

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Questions about Latham real estate

How fast do homes sell in Latham?

The typical home went under contract in 9 days in the latest three months.

Do homes in Latham sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 101.2% of the list price.

What are property taxes in Latham?

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 Latham?

The median sale price was $261,337 in the three months ending August 31, 2026, about $108 per square foot.

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More tools for 62543

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

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