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Is Thebes, IL 62990 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Thebes is a seller’s market. With about 3.2 months of supply and 0% 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list85.5%Sold price ÷ list price
Median days on market9Listing to accepted offer
Median price per sq ft$129▲ +216.9% vs. last year

The Thebes housing market right now

In the three months ending August 31, 2026, 0% of homes in Thebes, IL 62990 sold above their list price, the typical home went under contract in 9 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (91 days then) and the median sale price rose 773% to $324,859. Overall, Thebes is more competitive than a year ago, so tougher for buyers.

Run the numbers for 62990

Prefilled for 62990Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62990Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

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Where Thebes is

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Questions about Thebes real estate

Is Thebes a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Thebes, IL 62990 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 Thebes?

The typical home went under contract in 9 days in the latest three months.

Do homes in Thebes sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 85.5% of the list price.

What are property taxes in Thebes?

About 1.81% of a home’s value a year in Alexander County, or roughly $7,240 on a $400,000 home.

What is the median home price in Thebes?

The median sale price was $324,859 in the three months ending August 31, 2026, about $129 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