Is Virginia, IL 62691 a buyer’s or seller’s market?
Virginia 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 Virginia housing market right now
In the three months ending August 31, 2026, 0% of homes in Virginia, IL 62691 sold above their list price, the typical home went under contract in 74 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 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 fell from 33%, homes sold more slowly (42 days then) and the median sale price fell 33% to $129,944. Overall, Virginia is less competitive than a year ago, which gives buyers more room.
Nearby, Arenzville 62611 (100% sold over asking) and Ashland 62612 (17% sold over asking) are even more competitive.
Run the numbers for 62691
Nearby markets
Arenzville 62611 $144 /sq ftAshland 62612Seller’s market $98 /sq ftBeardstown 62618 — /sq ftChandlerville 62627Seller’s market $100 /sq ft Browse all markets →Towns like Virginia nearby
Find towns like Virginia in other states →Where Virginia is
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Questions about Virginia real estate
Is Virginia a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Virginia, IL 62691 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 Virginia?
The typical home went under contract in 74 days in the latest three months.
Do homes in Virginia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Virginia?
About 2.02% of a home’s value a year in Cass County, or roughly $8,080 on a $400,000 home.
What is the median home price in Virginia?
The median sale price was $129,944 in the three months ending August 31, 2026, about $79 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