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COLCHESTER, IL 62326

Real Estate Market Report  ·  McDonough County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The COLCHESTER, IL real estate market (62326) currently shows 8 active listings, with 2 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 92 days on market compared to 110 days last year.

The median listing price has fallen 28.7% year-over-year, from $122,400 to $87,250.

Whether you are buying or selling in COLCHESTER, 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 Context

Market Context

Population: 2,315  ·  Density: 11.6/mi²  ·  Median household income: $57,861

Typical home value: $97,540  ·  Homeownership: 75.4%

Market Overview

Active Listings
8
⇧ 33.3% vs 6 last year
Pending
2
25% pending ratio
Median Price
$87,250
⇩ 28.7% vs $122,400 last year
Average Price
$94,233
⇩ 25.2% vs $125,933 last year
Days on Market
92
⇩ 16.4% vs 110 days last year

Price Per Square Foot

Median $/sqft
$83
⇩ 1.2% vs $84/sqft last year
Median Home Size
1,331 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 6 last year
  • Days on market: 92 now vs 110 last year

Median & Average Pricing

Year over Year
  • Median: $87,250 (-28.7% YoY)
  • Average: $94,233 (-25.2% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.8 miles — 72 listings ($8,962,029 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62326Colchester, IL 623260.0 mi8$956,344$89,500$119,543
62367Plymouth, IL 623678.7 mi2$798,900$399,450$399,450
61420Blandinsville, IL 614209.2 mi4$248,300$54,900$62,075
61450La Harpe, IL 6145013.7 mi8$960,464$124,975$120,058
61438Good Hope, IL 6143814.2 mi3$264,750$88,250$88,250
62321Carthage, IL 6232115.3 mi16$2,108,096$133,450$131,756
62316Bowen, IL 6231618.2 mi1$115,000$115,000$115,000
62346La Prairie, IL 6234620.3 mi2$444,900$222,450$222,450
61480Stronghurst, IL 6148021.5 mi5$757,735$154,975$151,547
61482Table Grove, IL 6148221.5 mi4$180,000$45,000$45,000
61473Roseville, IL 6147321.6 mi10$777,240$71,225$77,724
62380West Point, IL 6238023.4 mi1$109,900$109,900$109,900
62681Rushville, IL 6268123.8 mi8$1,240,400$135,425$155,050

Frequently Asked Questions

How many homes are for sale in COLCHESTER, IL 62326?

As of March 2026, there are 8 active listings in COLCHESTER, IL (zip code 62326), compared to 6 the prior year.

What is the median home price in COLCHESTER, IL 62326?

The median listing price in COLCHESTER, IL 62326 is $87,250 as of March 2026, a 28.7% decrease from $122,400 the prior year.

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

Homes in COLCHESTER, IL 62326 spend an average of 92 days on the market before going under contract, compared to 110 days the prior year.

Is it a seller's or buyer's market in COLCHESTER, IL 62326?

Based on current inventory and days-on-market data as of March 2026, COLCHESTER, IL 62326 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 92 days on market compared to 110 days last year.

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

With SELL123.com's maximum 3% commission, sellers in COLCHESTER, IL 62326 save an estimated $1,745 compared to a typical 5% commission on the median listing price of $87,250. 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.