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HAMEL, IL 62046

Real Estate Market Report  ·  Madison County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇧ 33.3% vs 3 last year
Pending
1
25% pending ratio
Median Price
$349,000
⇧ 28.1% vs $272,450 last year
Average Price
$332,967
⇧ 22.2% vs $272,450 last year
Days on Market
53
⇧ 231.3% vs 16 days last year

Market Context

Population: 919  ·  Density: 333.8/mi²  ·  Median household income: $83,906

Typical home value: $206,863  ·  Homeownership: 76.5%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The HAMEL, IL real estate market (62046) currently shows 4 active listings, with 1 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 53 days on market compared to 16 days last year.

The median listing price has risen 28.1% year-over-year, from $272,450 to $349,000.

Whether you are buying or selling in HAMEL, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 3 last year
  • Days on market: 53 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $349,000 (+28.1% YoY)
  • Average: $332,967 (+22.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.9 miles — 181 listings ($61,711,626 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62046Hamel, IL 620460.0 mi4$1,331,868$349,000$332,967
62001Alhambra, IL 620015.3 mi4$1,380,000$350,000$345,000
62058Livingston, IL 620586.9 mi2$418,900$209,450$209,450
62067Moro, IL 620678.2 mi13$3,562,650$190,000$274,050
62074New Douglas, IL 620749.8 mi1$35,284$35,284$35,284
62034Glen Carbon, IL 6203411.4 mi48$21,098,880$444,500$439,560
62084Roxana, IL 6208412.3 mi2$159,800$79,900$79,900
62095Wood River, IL 6209512.6 mi13$2,357,810$159,900$181,370
62294Troy, IL 6229412.9 mi38$17,898,988$487,800$471,026
62018Cottage Hills, IL 6201813.1 mi5$480,835$110,000$96,167
62281Saint Jacob, IL 6228113.2 mi8$4,105,032$492,500$513,129
62249Highland, IL 6224913.4 mi28$7,239,904$240,000$258,568
62069Mount Olive, IL 6206914.9 mi15$1,641,675$80,000$109,445

Frequently Asked Questions

How many homes are for sale in HAMEL, IL 62046?

As of January 2026, there are 4 active listings in HAMEL, IL (zip code 62046), compared to 3 the prior year.

What is the median home price in HAMEL, IL 62046?

The median listing price in HAMEL, IL 62046 is $349,000 as of January 2026, a 28.1% increase from $272,450 the prior year.

How long do homes stay on the market in HAMEL, IL?

Homes in HAMEL, IL 62046 spend an average of 53 days on the market before going under contract, compared to 16 days the prior year.

Is it a seller's or buyer's market in HAMEL, IL 62046?

Based on current inventory and days-on-market data as of January 2026, HAMEL, IL 62046 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 53 days on market compared to 16 days last year.

How much can I save on real estate commission in HAMEL, IL?

With SELL123.com's maximum 3% commission, sellers in HAMEL, IL 62046 save an estimated $6,980 compared to a typical 5% commission on the median listing price of $349,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.