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Is Golconda, IL 62938 a buyer’s or seller’s market?

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

Golconda is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.8%Sold price ÷ list price
Median days on market205Listing to accepted offer
Median price per sq ft$229▲ +213.9% vs. last year

The Golconda housing market right now

In the three months ending August 31, 2026, 0% of homes in Golconda, IL 62938 sold above their list price, the typical home went under contract in 205 days and there were 12.8 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 (101 days then) and the median sale price rose 57% to $274,881. Overall, Golconda is less competitive than a year ago, which gives buyers more room.

Nearby, Stonefort 62987 (25% sold over asking) is even more competitive.

Run the numbers for 62938

Prefilled for 62938Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62938Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Herod 62947Seller’s market $44 /sq ftSimpson 62985 — /sq ftStonefort 62987Buyer’s market $102 /sq ft Browse all markets →

Towns like Golconda nearby

Find towns like Golconda in other states →
Karnak, IL62956 · 27 miles away76% similarsmaller · younger residents Creal Springs, IL62922 · 26 miles away69% similarpricier homes ($62K more) · younger residents Kuttawa, KY42055 · 28 miles away69% similarpricier homes ($66K more) · more apartments and townhomes La Center, KY42056 · 33 miles away64% similarsmaller · younger residents

Where Golconda is

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Questions about Golconda real estate

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

A buyer’s market: there were 12.8 months of supply in Golconda, IL 62938 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 Golconda?

The typical home went under contract in 205 days in the latest three months.

Do homes in Golconda sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.

What are property taxes in Golconda?

About 1.03% of a home’s value a year in Pope County, or roughly $4,120 on a $400,000 home.

What is the median home price in Golconda?

The median sale price was $274,881 in the three months ending August 31, 2026, about $229 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