Is Geff, IL 62842 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Geff 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 list0%Share of sales, last 3 months

Median sale-to-list85.7%Sold price ÷ list price

Median days on market7Listing to accepted offer

Median price per sq ft—

The Geff housing market right now

In the three months ending August 31, 2026, 0% of homes in Geff, IL 62842 sold above their list price and the typical home went under contract in 7 days. With only 1 sale, these figures can swing a lot from month to month.

The median sale price was $29,987.

About the area

Wayne County, IL

Population	724
Median income	$73,424
Average income	$91,469
Median home value	$116,500
Median rent	$813/month
Owner-occupied	89% of homes
Median year built	1983

Natural hazard riskExtreme heat (very high), earthquakes (relatively high), tornadoes (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 62842; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62842

Prefilled for 62842Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62842Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cisne 62823 — /sq ft Fairfield 62837Buyer’s market $91 /sq ft Rinard 62878 — /sq ft Sims 62886 — /sq ft Browse all markets →

Where Geff is

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Questions about Geff real estate

How fast do homes sell in Geff?

The typical home went under contract in 7 days in the latest three months.

Do homes in Geff sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 85.7% of the list price.

What are property taxes in Geff?

About 1.49% of a home’s value a year in Wayne County, or roughly $5,960 on a $400,000 home.

What is the median home price in Geff?

The median sale price was $29,987 in the three months ending August 31, 2026.

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