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PALMER, IL 62556

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

Market Analysis

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

The PALMER, IL real estate market (62556) currently shows 1 active listings, with 1 pending sales. Homes are averaging 1 days on the market before going under contract.

Whether you are buying or selling in PALMER, 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: 321  ·  Density: 5.4/mi²  ·  Median household income: $51,731

Typical home value: $86,712  ·  Homeownership: 89.7%

Market Overview

Active Listings
1
Pending
1
100% pending ratio
Median Price
$219,900
Average Price
$219,900
Days on Market
1

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

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 21.8 miles — 83 listings ($16,158,866 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62556Palmer, IL 625560.0 mi1$219,900$219,900$219,900
62568Taylorville, IL 625687.7 mi40$10,344,160$154,900$258,604
62540Kincaid, IL 625408.6 mi3$494,700$164,900$164,900
62075Nokomis, IL 6207512.1 mi13$1,371,331$126,700$105,487
62558Pawnee, IL 6255812.5 mi3$599,700$199,900$199,900
62531Edinburg, IL 6253113.9 mi3$354,699$119,900$118,233
62094Witt, IL 6209415.4 mi7$515,375$54,750$73,625
62530Divernon, IL 6253016.6 mi3$449,901$152,450$149,967
62051Irving, IL 6205118.3 mi3$515,400$75,000$171,800
62536Glenarm, IL 6253618.7 mi0$0$660,000$660,000
62015Butler, IL 6201519.4 mi2$430,000$215,000$215,000
62513Blue Mound, IL 6251321.2 mi4$718,700$172,100$179,675
62547Mount Auburn, IL 6254721.8 mi1$145,000$145,000$145,000

Frequently Asked Questions

How many homes are for sale in PALMER, IL 62556?

As of March 2026, there are 1 active listings in PALMER, IL (zip code 62556).

What is the median home price in PALMER, IL 62556?

The median listing price in PALMER, IL 62556 is $219,900 as of March 2026.

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

Homes in PALMER, IL 62556 spend an average of 1 days on the market before going under contract.

Is it a seller's or buyer's market in PALMER, IL 62556?

Based on current inventory and days-on-market data as of March 2026, PALMER, IL 62556 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in PALMER, IL 62556 save an estimated $4,398 compared to a typical 5% commission on the median listing price of $219,900. 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.