Is Mulkeytown, IL 62865 a buyer’s or seller’s market?
Mulkeytown 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 Mulkeytown housing market right now
In the three months ending August 31, 2026, 0% of homes in Mulkeytown, IL 62865 sold above their list price, the typical home went under contract in 173 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 fell from 25%, homes sold more slowly (42 days then) and the median sale price fell 49% to $78,416. Overall, Mulkeytown is less competitive than a year ago, which gives buyers more room.
Within Franklin County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Zeigler 62999 (40% sold over asking) and Benton 62812 (35% sold over asking) are even more competitive.
Run the numbers for 62865
Nearby markets
Benton 62812Seller’s market $101 /sq ftBuckner 62819 $70 /sq ftChristopher 62822Balanced $52 /sq ftCoello 62825 $43 /sq ft Browse all markets →Towns like Mulkeytown nearby
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Questions about Mulkeytown real estate
Is Mulkeytown a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Mulkeytown, IL 62865 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 Mulkeytown?
The typical home went under contract in 173 days in the latest three months.
Do homes in Mulkeytown sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 103.6% of the list price.
What are property taxes in Mulkeytown?
About 1.57% of a home’s value a year in Franklin County, or roughly $6,280 on a $400,000 home.
What is the median home price in Mulkeytown?
The median sale price was $78,416 in the three months ending August 31, 2026, about $60 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