Is Saint Peter, IL 62880 a buyer’s or seller’s market?
Saint Peter is a seller’s market. With about 1.6 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 Saint Peter housing market right now
In the three months ending August 31, 2026, 0% of homes in Saint Peter, IL 62880 sold above their list price, the typical home went under contract in 306 days and there were 1.6 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 50%, homes sold more slowly (71 days then) and the median sale price fell 26% to $140,939. Overall, Saint Peter is less competitive than a year ago, which gives buyers more room.
Within Fayette County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Ramsey 62080 (50% sold over asking) and Brownstown 62418 (33% sold over asking) are even more competitive.
Run the numbers for 62880
Nearby markets
Beecher City 62414 — /sq ftBrownstown 62418 $130 /sq ftFarina 62838Seller’s market $63 /sq ftRamsey 62080Buyer’s market $78 /sq ft Browse all markets →Where Saint Peter is
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Questions about Saint Peter real estate
Is Saint Peter a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Saint Peter, IL 62880 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 Saint Peter?
The typical home went under contract in 306 days in the latest three months.
Do homes in Saint Peter sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Saint Peter?
About 1.45% of a home’s value a year in Fayette County, or roughly $5,800 on a $400,000 home.
What is the median home price in Saint Peter?
The median sale price was $140,939 in the three months ending August 31, 2026, about $79 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