Is Alexander, IL 62601 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Alexander 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 list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Alexander housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Morgan County, IL

Population	344
Median income	$109,500
Average income	$115,726
Median home value	$119,000
Owner-occupied	100% of homes
Median year built	1966

Natural hazard riskExtreme heat (relatively high), hail (relatively high), earthquakes (moderate)

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 62601; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62601

Prefilled for 62601Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62601Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Chapin 62628 $55 /sq ft Concord 62631 $79 /sq ft Franklin 62638 $61 /sq ft Jacksonville 62650Seller’s market $90 /sq ft Browse all markets →

Where Alexander is

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Questions about Alexander real estate

What are property taxes in Alexander?

About 1.76% of a home’s value a year in Morgan County, or roughly $7,040 on a $400,000 home.

Local agents

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More tools for 62601

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