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Is Cobden, IL 62920 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Cobden is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.3%Sold price ÷ list price
Median days on market44Listing to accepted offer
Median price per sq ft$115▼ −27.7% vs. last year

The Cobden housing market right now

In the three months ending August 31, 2026, 0% of homes in Cobden, IL 62920 sold above their list price, the typical home went under contract in 44 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 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 faster (173 days then) and the median sale price fell 20% to $204,911. Overall, Cobden is more competitive than a year ago, so tougher for buyers.

Within Union County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Anna 62906 (36% sold over asking) and Jonesboro 62952 (17% sold over asking) are even more competitive.

Run the numbers for 62920

Prefilled for 62920Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62920Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alto Pass 62905Seller’s market $197 /sq ftAnna 62906Buyer’s market $86 /sq ftDongola 62926Buyer’s market $86 /sq ftJonesboro 62952Seller’s market $88 /sq ft Browse all markets →

Towns like Cobden nearby

Find towns like Cobden in other states →
La Center, KY42056 · 35 miles away87% similarsmaller Karnak, IL62956 · 23 miles away82% similarsmaller Chaffee, MO63740 · 34 miles away82% similarlarger · younger residents Pittsburg, IL62974 · 30 miles away81% similarpricier homes ($46K more) · smaller

Where Cobden is

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Questions about Cobden real estate

Is Cobden a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Cobden, IL 62920 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 Cobden?

The typical home went under contract in 44 days in the latest three months.

Do homes in Cobden sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.3% of the list price.

What are property taxes in Cobden?

About 1.30% of a home’s value a year in Union County, or roughly $5,200 on a $400,000 home.

What is the median home price in Cobden?

The median sale price was $204,911 in the three months ending August 31, 2026, about $115 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