Is Grand Chain, IL 62941 a buyer’s or seller’s market?
Grand Chain 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 Grand Chain housing market right now
In the three months ending August 31, 2026, 50% of homes in Grand Chain, IL 62941 sold above their list price and the typical home went under contract in 96 days. 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 rose from 0%, homes sold more slowly (45 days then) and the median sale price rose 73% to $203,412. Overall, Grand Chain is more competitive than a year ago, so tougher for buyers.
Nearby, Olmsted 62970 (100% sold over asking) is even more competitive.
Run the numbers for 62941
Where Grand Chain is
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Questions about Grand Chain real estate
How fast do homes sell in Grand Chain?
The typical home went under contract in 96 days in the latest three months.
Do homes in Grand Chain sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.
What are property taxes in Grand Chain?
About 1.02% of a home’s value a year in Pulaski County, or roughly $4,080 on a $400,000 home.
What is the median home price in Grand Chain?
The median sale price was $203,412 in the three months ending August 31, 2026, about $96 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