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WATSON, IL 62473

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

Market Overview

Active Listings
1
⇩ 80% vs 5 last year
Pending
1
100% pending ratio
Median Price
$319,900
⇧ 3.9% vs $307,925 last year
Average Price
$319,900
⇩ 42% vs $551,977 last year
Days on Market
5
⇩ 95.3% vs 107 days last year

Market Context

Population: 1,143  ·  Density: 20.2/mi²  ·  Median household income: $69,837

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

Market Analysis

Data as of January 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 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 5 days on market compared to 107 days last year.

The median listing price has risen 3.9% year-over-year, from $307,925 to $319,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 5 last year
  • Days on market: 5 now vs 107 last year

Median & Average Pricing

Year over Year
  • Median: $319,900 (+3.9% YoY)
  • Average: $319,900 (-42% 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 27.4 miles — 104 listings ($30,707,210 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62473Watson, IL 624730.0 mi1$319,900$319,900$319,900
62401Effingham, IL 624016.8 mi42$17,651,844$305,000$420,282
62411Altamont, IL 624119.4 mi10$2,809,610$200,000$280,961
62467Teutopolis, IL 6246710.2 mi1$181,500$181,500$181,500
62838Farina, IL 6283814.4 mi5$994,835$187,000$198,967
62458Saint Elmo, IL 6245815.5 mi9$1,036,800$79,000$115,200
62880Saint Peter, IL 6288020.2 mi3$504,900$190,000$168,300
62447Neoga, IL 6244721.3 mi2$349,400$174,700$174,700
62854Kinmundy, IL 6285422.1 mi3$623,499$182,500$207,833
62465Strasburg, IL 6246522.9 mi1$289,900$289,900$289,900
62839Flora, IL 6283924.9 mi23$4,839,522$149,000$210,414
62431Herrick, IL 6243127.1 mi1$315,000$315,000$315,000
62807Alma, IL 6280727.4 mi3$790,500$263,500$263,500

Frequently Asked Questions

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

As of January 2026, there are 1 active listings in WATSON, IL (zip code 62473), compared to 5 the prior year.

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

The median listing price in WATSON, IL 62473 is $319,900 as of January 2026, a 3.9% increase from $307,925 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 107 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 January 2026, WATSON, IL 62473 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 5 days on market compared to 107 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 $6,398 compared to a typical 5% commission on the median listing price of $319,900. 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.