Is Tower Hill, IL 62571 a buyer’s or seller’s market?
Tower Hill is a seller’s market. With about 2.1 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 Tower Hill housing market right now
In the three months ending August 31, 2026, 0% of homes in Tower Hill, IL 62571 sold above their list price, the typical home went under contract in 20 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (0% then), homes sold faster (52 days then) and the median sale price fell 74% to $24,989. Overall, Tower Hill is more competitive than a year ago, so tougher for buyers.
Within Shelby County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Mode 62444 (100% sold over asking) and Windsor 61957 (25% sold over asking) are even more competitive.
Run the numbers for 62571
Nearby markets
Cowden 62422 — /sq ftFindlay 62534Seller’s market $116 /sq ftHerrick 62431 — /sq ftMode 62444 $104 /sq ft Browse all markets →Towns like Tower Hill nearby
Find towns like Tower Hill in other states →Where Tower Hill is
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Questions about Tower Hill real estate
Is Tower Hill a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Tower Hill, IL 62571 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 Tower Hill?
The typical home went under contract in 20 days in the latest three months.
Do homes in Tower Hill sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 78.5% of the list price.
What are property taxes in Tower Hill?
About 1.50% of a home’s value a year in Shelby County, or roughly $6,000 on a $400,000 home.
What is the median home price in Tower Hill?
The median sale price was $24,989 in the three months ending August 31, 2026, about $22 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