Is Tovey, IL 62570 a buyer’s or seller’s market?
Tovey is a seller’s market. With about 3.2 months of supply and 100% 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 Tovey housing market right now
In the three months ending August 31, 2026, 100% of homes in Tovey, IL 62570 sold above their list price, the typical home went under contract in 50 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, 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 more slowly (5 days then) and the median sale price fell 3% to $139,939. Overall, Tovey is more competitive than a year ago, so tougher for buyers.
Within Christian County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Stonington 62567 (0% sold over asking) or Morrisonville 62546 (0% sold over asking).
Run the numbers for 62570
Nearby markets
Assumption 62510Balanced $90 /sq ftBlue Mound 62513Buyer’s market $82 /sq ftBulpitt 62517 — /sq ftEdinburg 62531Seller’s market $96 /sq ft Browse all markets →Where Tovey is
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Questions about Tovey real estate
Is Tovey a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Tovey, IL 62570 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 Tovey?
The typical home went under contract in 50 days in the latest three months.
Do homes in Tovey sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Tovey?
About 1.64% of a home’s value a year in Christian County, or roughly $6,560 on a $400,000 home.
What is the median home price in Tovey?
The median sale price was $139,939 in the three months ending August 31, 2026, about $111 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