Is Alma, IL 62807 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Alma 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 list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Alma housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Marion County, IL

Population	767
Median income	$82,321
Average income	$99,309
Median home value	$158,500
Median rent	$534/month
Owner-occupied	89% of homes
Median year built	1984

Natural hazard riskEarthquakes (relatively high), extreme heat (relatively high), winter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 62807; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62807

Prefilled for 62807Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62807Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Centralia 62801Balanced $81 /sq ft Iuka 62849Seller’s market $59 /sq ft Kell 62853 — /sq ft Kinmundy 62854Seller’s market $67 /sq ft Browse all markets →

Where Alma is

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Questions about Alma real estate

What are property taxes in Alma?

About 1.71% of a home’s value a year in Marion County, or roughly $6,840 on a $400,000 home.

Local agents

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More tools for 62807

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Marion County property taxes Marion County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

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