OfferBackedBuyer Tools

Is Elizabethtown, IL 62931 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Elizabethtown 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.

Months of supply4.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list87.7%Sold price ÷ list price
Median days on market37Listing to accepted offer
Median price per sq ft$124▲ +118.1% vs. last year

The Elizabethtown housing market right now

In the three months ending August 31, 2026, 0% of homes in Elizabethtown, IL 62931 sold above their list price, the typical home went under contract in 37 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 was about the same (0% then), homes sold faster (48 days then) and the median sale price rose 230% to $191,417. Overall, Elizabethtown is more competitive than a year ago, so tougher for buyers.

Nearby, Cave In Rock 62919 (50% sold over asking) is even more competitive.

Run the numbers for 62931

Prefilled for 62931Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62931Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cave In Rock 62919Buyer’s market $86 /sq ftRosiclare 62982Buyer’s market $40 /sq ft Browse all markets →

Towns like Elizabethtown nearby

Find towns like Elizabethtown in other states →
Grand Rivers, KY42045 · 27 miles away86% similarpricier homes ($53K more) Kuttawa, KY42055 · 29 miles away77% similarpricier homes ($74K more) · larger Salem, KY42078 · 15 miles away72% similaryounger residents · more single-family homes Clay, KY42404 · 25 miles away67% similarlarger · younger residents

Where Elizabethtown is

Loading map…

Questions about Elizabethtown real estate

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

A balanced market: there were 4.8 months of supply in Elizabethtown, IL 62931 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 Elizabethtown?

The typical home went under contract in 37 days in the latest three months.

Do homes in Elizabethtown sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 87.7% of the list price.

What are property taxes in Elizabethtown?

About 0.96% of a home’s value a year in Hardin County, or roughly $3,840 on a $400,000 home.

What is the median home price in Elizabethtown?

The median sale price was $191,417 in the three months ending August 31, 2026, about $124 per square foot.

Local agents

See all agents in 62931 →

No sponsored agents in 62931 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 62931

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Hardin County property taxesHardin County loan limitsClosing costs in IllinoisHottest ZIP codes in Illinois
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology