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WATSON, IL 62473

Real Estate Market Report  ·  Effingham County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WATSON, IL real estate market (62473) currently shows 1 active listings, with 1 pending sales. Homes are averaging 5 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 5 days on market compared to 67 days last year.

The median listing price has fallen 90.8% year-over-year, from $1,349,000 to $123,500.

Whether you are buying or selling in WATSON, 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: 1,143  ·  Density: 20.2/mi²  ·  Median household income: $69,837

Typical home value: $139,337  ·  Homeownership: 89.1%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
1
100% pending ratio
Median Price
$123,500
⇩ 90.8% vs $1,349,000 last year
Average Price
$123,500
⇩ 90.8% vs $1,349,000 last year
Days on Market
5
⇩ 92.5% vs 67 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 5 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $123,500 (-90.8% YoY)
  • Average: $123,500 (-90.8% 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 27.2 miles — 95 listings ($28,442,190 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62473Watson, IL 624730.0 mi1$123,500$123,500$123,500
62401Effingham, IL 624016.8 mi39$17,926,272$321,750$459,648
62411Altamont, IL 624119.4 mi12$3,194,532$183,688$266,211
62467Teutopolis, IL 6246710.2 mi1$178,000$178,000$178,000
62838Farina, IL 6283814.4 mi3$414,825$130,950$138,275
62458Saint Elmo, IL 6245815.5 mi8$814,960$75,000$101,870
62434Ingraham, IL 6243417.8 mi1$69,000$69,000$69,000
62448Newton, IL 6244821.0 mi15$2,614,095$162,000$174,273
62418Brownstown, IL 6241822.0 mi4$1,063,168$146,000$265,792
62422Cowden, IL 6242222.7 mi2$438,400$219,200$219,200
62468Toledo, IL 6246823.8 mi1$165,000$165,000$165,000
62824Clay City, IL 6282426.9 mi3$320,538$87,425$106,846
62899Xenia, IL 6289927.2 mi5$1,119,900$211,225$223,980

Frequently Asked Questions

How many homes are for sale in WATSON, IL 62473?

As of March 2026, there are 1 active listings in WATSON, IL (zip code 62473), compared to 2 the prior year.

What is the median home price in WATSON, IL 62473?

The median listing price in WATSON, IL 62473 is $123,500 as of March 2026, a 90.8% decrease from $1,349,000 the prior year.

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

Homes in WATSON, IL 62473 spend an average of 5 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in WATSON, IL 62473?

Based on current inventory and days-on-market data as of March 2026, WATSON, IL 62473 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 5 days on market compared to 67 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WATSON, IL 62473 save an estimated $2,470 compared to a typical 5% commission on the median listing price of $123,500. 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.