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Is Winchester, IL 62694 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Winchester is a seller’s market. With about 1.9 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market12Listing to accepted offer
Median price per sq ft$59▼ −3.2% vs. last year

The Winchester housing market right now

In the three months ending August 31, 2026, 0% of homes in Winchester, IL 62694 sold above their list price, the typical home went under contract in 12 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 faster (33 days then) and the median sale price fell 35% to $84,963. Overall, Winchester is more competitive than a year ago, so tougher for buyers.

Run the numbers for 62694

Prefilled for 62694Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62694Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alsey 62610 — /sq ftBluffs 62621Buyer’s market $82 /sq ftManchester 62663 — /sq ft Browse all markets →

Towns like Winchester nearby

Find towns like Winchester in other states →
Pittsfield, IL62363 · 18 miles away89% similarlarger Carrollton, IL62016 · 23 miles away83% similaryounger residents Waverly, IL62692 · 28 miles away81% similarVery close on income, prices and more White Hall, IL62092 · 14 miles away79% similarcheaper homes ($33K less) · older homes

Where Winchester is

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Questions about Winchester real estate

Is Winchester a buyer’s or seller’s market?

A seller’s market: there were 1.9 months of supply in Winchester, IL 62694 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 Winchester?

The typical home went under contract in 12 days in the latest three months.

Do homes in Winchester sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in Winchester?

About 1.50% of a home’s value a year in Scott County, or roughly $6,000 on a $400,000 home.

What is the median home price in Winchester?

The median sale price was $84,963 in the three months ending August 31, 2026, about $59 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