Is Elkville, IL 62932 a buyer’s or seller’s market?
Elkville is a seller’s market. With about 1.9 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 Elkville housing market right now
In the three months ending August 31, 2026, 0% of homes in Elkville, IL 62932 sold above their list price, the typical home went under contract in 79 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 20%, homes sold faster (163 days then) and the median sale price rose 62% to $177,923. Overall, Elkville is more competitive than a year ago, so tougher for buyers.
Within Jackson County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Ava 62907 (50% sold over asking) and Murphysboro 62966 (17% sold over asking) are even more competitive.
Run the numbers for 62932
Nearby markets
Ava 62907Balanced $94 /sq ftCampbell Hill 62916Buyer’s market $98 /sq ftCarbondale 62901Seller’s market $99 /sq ftCarbondale 62903Seller’s market $106 /sq ft Browse all markets →Towns like Elkville nearby
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Questions about Elkville real estate
Is Elkville a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Elkville, IL 62932 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 Elkville?
The typical home went under contract in 79 days in the latest three months.
Do homes in Elkville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Elkville?
About 1.84% of a home’s value a year in Jackson County, or roughly $7,360 on a $400,000 home.
What is the median home price in Elkville?
The median sale price was $177,923 in the three months ending August 31, 2026, about $109 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