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Is Clay City, IL 62824 a buyer’s or seller’s market?

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

Clay City is a seller’s market. With about 3.2 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 supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.7%Sold price ÷ list price
Median days on market169Listing to accepted offer
Median price per sq ft$85

The Clay City housing market right now

In the three months ending August 31, 2026, 0% of homes in Clay City, IL 62824 sold above their list price, the typical home went under contract in 169 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.

Within Clay County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Xenia 62899 (100% sold over asking) and Flora 62839 (13% sold over asking) are even more competitive.

Run the numbers for 62824

Prefilled for 62824Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62824Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Edgewood 62426Seller’s market $45 /sq ftFlora 62839Balanced $87 /sq ftLouisville 62858Seller’s market $40 /sq ftXenia 62899Buyer’s market $50 /sq ft Browse all markets →

Towns like Clay City nearby

Find towns like Clay City in other states →
Kinmundy, IL62854 · 26 miles away96% similarVery close on income, prices and more Noble, IL62868 · 8 miles away92% similarolder residents Odin, IL62870 · 38 miles away89% similarpricier homes ($32K more) · larger Saint Francisville, IL62460 · 38 miles away89% similar8 min shorter commute

Where Clay City is

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Questions about Clay City real estate

Is Clay City a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Clay City, IL 62824 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 Clay City?

The typical home went under contract in 169 days in the latest three months.

Do homes in Clay City sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.

What are property taxes in Clay City?

About 1.43% of a home’s value a year in Clay County, or roughly $5,720 on a $400,000 home.

What is the median home price in Clay City?

The median sale price was $174,425 in the three months ending August 31, 2026, about $85 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