Is Woodlawn, IL 62898 a buyer’s or seller’s market?
Woodlawn 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 Woodlawn housing market right now
In the three months ending August 31, 2026, 0% of homes in Woodlawn, IL 62898 sold above their list price, the typical home went under contract in 110 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 6 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 17%, homes sold more slowly (70 days then) and the median sale price fell 3% to $228,401. Overall, Woodlawn is less competitive than a year ago, which gives buyers more room.
Within Jefferson County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Mount Vernon 62864 (21% sold over asking) is even more competitive.
Run the numbers for 62898
Nearby markets
Bluford 62814 — /sq ftBonnie 62816Seller’s market $103 /sq ftDix 62830Seller’s market $111 /sq ftIna 62846Buyer’s market $142 /sq ft Browse all markets →Towns like Woodlawn nearby
Find towns like Woodlawn in other states →Where Woodlawn is
Loading map…
Questions about Woodlawn real estate
Is Woodlawn a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Woodlawn, IL 62898 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 Woodlawn?
The typical home went under contract in 110 days in the latest three months.
Do homes in Woodlawn sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Woodlawn?
About 1.70% of a home’s value a year in Jefferson County, or roughly $6,800 on a $400,000 home.
What is the median home price in Woodlawn?
The median sale price was $228,401 in the three months ending August 31, 2026, about $121 per square foot.
Local agents
See all agents in 62898 →No sponsored agents in 62898 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 62898
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology