Is Sandoval, IL 62882 a buyer’s or seller’s market?
Sandoval is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Sandoval housing market right now
In the three months ending August 31, 2026, 0% of homes in Sandoval, IL 62882 sold above their list price, the typical home went under contract in 87 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 33%, homes sold more slowly (45 days then) and the median sale price rose 95% to $184,920. Overall, Sandoval is less competitive than a year ago, which gives buyers more room.
Within Marion County, homes here sell more slowly than in 83% 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 62882
Nearby markets
Alma 62807 — /sq ftCentralia 62801Balanced $81 /sq ftIuka 62849Seller’s market $59 /sq ftKell 62853 — /sq ft Browse all markets →Towns like Sandoval nearby
Find towns like Sandoval in other states →Where Sandoval is
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Questions about Sandoval real estate
Is Sandoval a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Sandoval, IL 62882 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 Sandoval?
The typical home went under contract in 87 days in the latest three months.
Do homes in Sandoval sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 102.8% of the list price.
What are property taxes in Sandoval?
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 Sandoval?
The median sale price was $184,920 in the three months ending August 31, 2026, about $85 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