Is Chapin, IL 62628 a buyer’s or seller’s market?
Chapin 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.
The Chapin housing market right now
In the three months ending August 31, 2026, 50% of homes in Chapin, IL 62628 sold above their list price and the typical home went under contract in 199 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 fell from 100%, homes sold more slowly (4 days then) and the median sale price fell 73% to $64,472. Overall, Chapin is less competitive than a year ago, which gives buyers more room.
Within Morgan County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Franklin 62638 (0% sold over asking) or Concord 62631 (0% sold over asking).
Run the numbers for 62628
Nearby markets
Alexander 62601 — /sq ftConcord 62631 $79 /sq ftFranklin 62638 $61 /sq ftJacksonville 62650Seller’s market $90 /sq ft Browse all markets →Where Chapin is
Loading map…
Questions about Chapin real estate
How fast do homes sell in Chapin?
The typical home went under contract in 199 days in the latest three months.
Do homes in Chapin sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 90.7% of the list price.
What are property taxes in Chapin?
About 1.76% of a home’s value a year in Morgan County, or roughly $7,040 on a $400,000 home.
What is the median home price in Chapin?
The median sale price was $64,472 in the three months ending August 31, 2026, about $55 per square foot.
Local agents
See all agents in 62628 →No sponsored agents in 62628 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 62628
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology