Is Gorham, IL 62940 a buyer’s or seller’s market?
Gorham is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Gorham housing market right now
In the three months ending August 31, 2026, 0% of homes in Gorham, IL 62940 sold above their list price and the typical home went under contract in 163 days. With only 1 sale, these figures can swing a lot from month to month.
Within Jackson County, homes here sell more slowly, and 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 62940
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 →Where Gorham is
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Questions about Gorham real estate
How fast do homes sell in Gorham?
The typical home went under contract in 163 days in the latest three months.
Do homes in Gorham sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.
What are property taxes in Gorham?
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 Gorham?
The median sale price was $84,963 in the three months ending August 31, 2026, about $33 per square foot.
Local agents
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More tools for 62940
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology