Is Shawneetown, IL 62984 a buyer’s or seller’s market?
Shawneetown is a seller’s market. With about 1.1 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Shawneetown housing market right now
In the three months ending August 31, 2026, 33% of homes in Shawneetown, IL 62984 sold above their list price, the typical home went under contract in 131 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, 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 67%, homes sold faster (181 days then) and the median sale price rose 103% to $121,847. Overall, Shawneetown is less competitive than a year ago, which gives buyers more room.
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Questions about Shawneetown real estate
Is Shawneetown a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Shawneetown, IL 62984 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 Shawneetown?
The typical home went under contract in 131 days in the latest three months.
Do homes in Shawneetown sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Shawneetown?
About 1.57% of a home’s value a year in Gallatin County, or roughly $6,280 on a $400,000 home.
What is the median home price in Shawneetown?
The median sale price was $121,847 in the three months ending August 31, 2026, about $78 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