Is Mounds, IL 62964 a buyer’s or seller’s market?
Mounds is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Mounds housing market right now
In the three months ending August 31, 2026, 50% of homes in Mounds, IL 62964 sold above their list price, the typical home went under contract in 45 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 faster (268 days then) and the median sale price rose 2% to $98,208. Overall, Mounds is more competitive than a year ago, so tougher for buyers.
Nearby, Olmsted 62970 (100% sold over asking) is even more competitive.
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Where Mounds is
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Questions about Mounds real estate
Is Mounds a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Mounds, IL 62964 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 Mounds?
The typical home went under contract in 45 days in the latest three months.
Do homes in Mounds sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Mounds?
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 Mounds?
The median sale price was $98,208 in the three months ending August 31, 2026, about $62 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