Is Waverly, IL 62692 a buyer’s or seller’s market?

The Waverly housing market right now

In the three months ending August 31, 2026, 17% of homes in Waverly, IL 62692 sold above their list price, the typical home went under contract in 19 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (46 days then) and the median sale price rose 260% to $133,192. Overall, Waverly is more competitive than a year ago, so tougher for buyers.

Within Morgan County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less 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), while Chapin 62628 (50% sold over asking) and Murrayville 62668 (50% sold over asking) are even more competitive.