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Is Carmi, IL 62821 a buyer’s or seller’s market?

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

Carmi 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.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.7%Sold price ÷ list price
Median days on market176Listing to accepted offer
Median price per sq ft$54▼ −27.7% vs. last year

The Carmi housing market right now

In the three months ending August 31, 2026, 0% of homes in Carmi, IL 62821 sold above their list price, the typical home went under contract in 176 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 20%, homes sold more slowly (37 days then) and the median sale price rose 20% to $114,301. Overall, Carmi is less competitive than a year ago, which gives buyers more room.

Run the numbers for 62821

Prefilled for 62821Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62821Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Enfield 62835Seller’s market $35 /sq ftNew Haven 62867 — /sq ftNorris City 62869 — /sq ft Browse all markets →

Towns like Carmi nearby

Find towns like Carmi in other states →
Eldorado, IL62930 · 24 miles away94% similarVery close on income, prices and more Mount Carmel, IL62863 · 31 miles away92% similarVery close on income, prices and more Albion, IL62806 · 21 miles away84% similarsmaller · newer homes Fairfield, IL62837 · 23 miles away82% similarVery close on income, prices and more

Where Carmi is

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Questions about Carmi real estate

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

A buyer’s market: there were 6.4 months of supply in Carmi, IL 62821 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 Carmi?

The typical home went under contract in 176 days in the latest three months.

Do homes in Carmi sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.7% of the list price.

What are property taxes in Carmi?

About 1.34% of a home’s value a year in White County, or roughly $5,360 on a $400,000 home.

What is the median home price in Carmi?

The median sale price was $114,301 in the three months ending August 31, 2026, about $54 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