Is Patoka, IL 62875 a buyer’s or seller’s market?
Patoka is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Patoka housing market right now
In the three months ending August 31, 2026, 50% of homes in Patoka, IL 62875 sold above their list price, the typical home went under contract in 157 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 rose from 0%, homes sold more slowly (78 days then) and the median sale price rose 13% to $84,963. Overall, Patoka is more competitive than a year ago, so tougher for buyers.
Within Marion County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Sandoval 62882 (0% sold over asking) or Kinmundy 62854 (0% sold over asking).
Run the numbers for 62875
Nearby markets
Alma 62807 — /sq ftCentralia 62801Balanced $81 /sq ftIuka 62849Seller’s market $59 /sq ftKell 62853 — /sq ft Browse all markets →Towns like Patoka nearby
Find towns like Patoka in other states →Where Patoka is
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Questions about Patoka real estate
Is Patoka a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Patoka, IL 62875 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 Patoka?
The typical home went under contract in 157 days in the latest three months.
Do homes in Patoka sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Patoka?
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 Patoka?
The median sale price was $84,963 in the three months ending August 31, 2026, about $108 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