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Is Loami, IL 62661 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Loami 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 list0%Share of sales, last 3 months
Median sale-to-list93.1%Sold price ÷ list price
Median days on market16Listing to accepted offer
Median price per sq ft—

The Loami housing market right now

In the three months ending August 31, 2026, 0% of homes in Loami, IL 62661 sold above their list price and the typical home went under contract in 16 days. 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 fell from 50%, homes sold about as fast and the median sale price rose 39% to $269,883. Overall, Loami is less competitive than a year ago, which gives buyers more room.

Within Sangamon County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Springfield 62707 (64% sold over asking) and Rochester 62563 (56% sold over asking) are even more competitive.

Run the numbers for 62661

Prefilled for 62661Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62661Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Auburn 62615Seller’s market $129 /sq ftBuffalo 62515 $107 /sq ftCantrall 62625 $152 /sq ftChatham 62629Seller’s market $149 /sq ft Browse all markets →

Towns like Loami nearby

Find towns like Loami in other states →
Divernon, IL62530 · 13 miles away92% similarVery close on income, prices and more New Berlin, IL62670 · 7 miles away79% similarpricier homes ($32K more) · larger Illiopolis, IL62539 · 35 miles away78% similarcheaper homes ($57K less) · older residents Athens, IL62613 · 24 miles away75% similarlarger · 6 min shorter commute

Where Loami is

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Questions about Loami real estate

How fast do homes sell in Loami?

The typical home went under contract in 16 days in the latest three months.

Do homes in Loami sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.1% of the list price.

What are property taxes in Loami?

About 1.99% of a home’s value a year in Sangamon County, or roughly $7,960 on a $400,000 home.

What is the median home price in Loami?

The median sale price was $269,883 in the three months ending August 31, 2026.

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