Is Iuka, IL 62849 a buyer’s or seller’s market?
Iuka 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.
The Iuka housing market right now
In the three months ending August 31, 2026, 0% of homes in Iuka, IL 62849 sold above their list price, the typical home went under contract in 31 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.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (40 days then) and the median sale price fell 63% to $69,970. Overall, Iuka is more competitive than a year ago, so tougher for buyers.
Within Marion County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Odin 62870 (50% sold over asking) and Patoka 62875 (50% sold over asking) are even more competitive.
Run the numbers for 62849
Nearby markets
Alma 62807 — /sq ftCentralia 62801Balanced $81 /sq ftKell 62853 — /sq ftKinmundy 62854Seller’s market $67 /sq ft Browse all markets →Towns like Iuka nearby
Find towns like Iuka in other states →Where Iuka is
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Questions about Iuka real estate
Is Iuka a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Iuka, IL 62849 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 Iuka?
The typical home went under contract in 31 days in the latest three months.
Do homes in Iuka sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 81.6% of the list price.
What are property taxes in Iuka?
About 1.71% of a home’s value a year in Marion County, or roughly $6,840 on a $400,000 home.
What is the median home price in Iuka?
The median sale price was $69,970 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