Is Metropolis, IL 62960 a buyer’s or seller’s market?
Metropolis is a buyer’s market. With about 7.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 23% of U.S. ZIP codes, and #449 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Metropolis housing market right now
In the three months ending August 31, 2026, 19% of homes in Metropolis, IL 62960 sold above their list price, the typical home went under contract in 66 days and there were 7.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 27 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (69 days then) and the median sale price rose 36% to $131,943. Overall, Metropolis is more competitive than a year ago, so tougher for buyers.
On our competition score, Metropolis ranks #449 of 464 IL ZIP codes with enough sales (score 27 out of 100).
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Questions about Metropolis real estate
Is Metropolis a buyer’s or seller’s market?
A buyer’s market: there were 7.1 months of supply in Metropolis, IL 62960 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 Metropolis?
The typical home went under contract in 66 days in the latest three months.
Do homes in Metropolis sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Metropolis?
About 1.40% of a home’s value a year in Massac County, or roughly $5,600 on a $400,000 home.
What is the median home price in Metropolis?
The median sale price was $131,943 in the three months ending August 31, 2026, about $99 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