Is Shipman, IL 62685 a buyer’s or seller’s market?
Shipman is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Shipman housing market right now
In the three months ending August 31, 2026, 0% of homes in Shipman, IL 62685 sold above their list price, the typical home went under contract in 103 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 was about the same (0% then), homes sold more slowly (48 days then) and the median sale price fell 28% to $247,843. Overall, Shipman is less competitive than a year ago, which gives buyers more room.
Within Macoupin County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Wilsonville 62093 (67% sold over asking) and Staunton 62088 (38% sold over asking) are even more competitive.
Run the numbers for 62685
Nearby markets
Benld 62009Buyer’s market $95 /sq ftBunker Hill 62014Seller’s market $128 /sq ftCarlinville 62626Seller’s market $92 /sq ftChesterfield 62630 — /sq ft Browse all markets →Towns like Shipman nearby
Find towns like Shipman in other states →Where Shipman is
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Questions about Shipman real estate
Is Shipman a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Shipman, IL 62685 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 Shipman?
The typical home went under contract in 103 days in the latest three months.
Do homes in Shipman sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Shipman?
About 1.50% of a home’s value a year in Macoupin County, or roughly $6,000 on a $400,000 home.
What is the median home price in Shipman?
The median sale price was $247,843 in the three months ending August 31, 2026, about $105 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