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PALESTINE, IL 62451

Real Estate Market Report  ·  Crawford County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
vs 4 last year
Pending
3
75% pending ratio
Median Price
$42,500
⇩ 65.3% vs $122,500 last year
Average Price
$45,000
⇩ 64.1% vs $125,333 last year
Days on Market
33
⇩ 66.3% vs 98 days last year

Market Context

Population: 1,981  ·  Density: 12.1/mi²  ·  Median household income: $62,250

Typical home value: $77,698  ·  Homeownership: 84.6%

Market Analysis

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

The PALESTINE, IL real estate market (62451) currently shows 4 active listings, with 3 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 33 days on market compared to 98 days last year.

The median listing price has fallen 65.3% year-over-year, from $122,500 to $42,500.

Whether you are buying or selling in PALESTINE, 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
  • Days on market: 33 now vs 98 last year

Median & Average Pricing

Year over Year
  • Median: $42,500 (-65.3% YoY)
  • Average: $45,000 (-64.1% 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 24.8 miles — 101 listings ($22,274,853 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62451Palestine, IL 624510.0 mi4$180,000$42,500$45,000
62454Robinson, IL 624548.1 mi29$6,991,175$225,000$241,075
62433Hutsonville, IL 624339.8 mi4$723,900$144,950$180,975
47838Carlisle, IN 4783812.5 mi2$179,000$89,500$89,500
62413Annapolis, IL 6241316.1 mi2$1,250,000$625,000$625,000
62477West Union, IL 6247716.8 mi2$167,000$83,500$83,500
47535Freelandville, IN 4753518.2 mi1$58,450$58,450$58,450
47516Bruceville, IN 4751618.8 mi4$484,400$123,000$121,100
47850Farmersburg, IN 4785019.5 mi8$1,575,888$186,450$196,986
47855Hymera, IN 4785521.1 mi2$272,500$136,250$136,250
62417Bridgeport, IL 6241721.9 mi2$209,900$104,950$104,950
47441Linton, IN 4744123.4 mi40$9,867,640$194,900$246,691
62475West Liberty, IL 6247524.8 mi1$315,000$315,000$315,000

Frequently Asked Questions

How many homes are for sale in PALESTINE, IL 62451?

As of January 2026, there are 4 active listings in PALESTINE, IL (zip code 62451), compared to 4 the prior year.

What is the median home price in PALESTINE, IL 62451?

The median listing price in PALESTINE, IL 62451 is $42,500 as of January 2026, a 65.3% decrease from $122,500 the prior year.

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

Homes in PALESTINE, IL 62451 spend an average of 33 days on the market before going under contract, compared to 98 days the prior year.

Is it a seller's or buyer's market in PALESTINE, IL 62451?

Based on current inventory and days-on-market data as of January 2026, PALESTINE, IL 62451 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 33 days on market compared to 98 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PALESTINE, IL 62451 save an estimated $850 compared to a typical 5% commission on the median listing price of $42,500. 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.