Is Raymond, IL 62560 a buyer’s or seller’s market?
Raymond is a seller’s market. With about 0.6 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 Raymond housing market right now
In the three months ending August 31, 2026, 0% of homes in Raymond, IL 62560 sold above their list price, the typical home went under contract in 111 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, 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 (34 days then) and the median sale price rose 108% to $227,901. Overall, Raymond is less competitive than a year ago, which gives buyers more room.
Within Montgomery County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Coffeen 62017 (100% sold over asking) and Panama 62077 (50% sold over asking) are even more competitive.
Run the numbers for 62560
Nearby markets
Coffeen 62017 $136 /sq ftFarmersville 62533 — /sq ftHarvel 62538Buyer’s market — /sq ftHillsboro 62049Seller’s market $96 /sq ft Browse all markets →Towns like Raymond nearby
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Questions about Raymond real estate
Is Raymond a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Raymond, IL 62560 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 Raymond?
The typical home went under contract in 111 days in the latest three months.
Do homes in Raymond sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.
What are property taxes in Raymond?
About 1.68% of a home’s value a year in Montgomery County, or roughly $6,720 on a $400,000 home.
What is the median home price in Raymond?
The median sale price was $227,901 in the three months ending August 31, 2026, about $123 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