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TOWER HILL, IL 62571

Real Estate Market Report  ·  Shelby County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The TOWER HILL, IL real estate market (62571) currently shows 2 active listings. Homes are averaging 137 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 137 days on market compared to 67 days last year.

The median listing price has risen 273.3% year-over-year, from $42,500 to $158,650.

Whether you are buying or selling in TOWER HILL, 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: 1,321  ·  Density: 7.3/mi²  ·  Median household income: $66,207

Typical home value: $142,003  ·  Homeownership: 75.7%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$158,650
⇧ 273.3% vs $42,500 last year
Average Price
$158,650
⇧ 273.3% vs $42,500 last year
Days on Market
137
⇧ 104.5% vs 67 days last year

Price Per Square Foot

Median $/sqft
$113
⇧ 232.4% vs $34/sqft last year
Median Home Size
1,404 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 137 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $158,650 (+273.3% YoY)
  • Average: $158,650 (+273.3% 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 24.9 miles — 66 listings ($10,420,004 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62571Tower Hill, IL 625710.0 mi2$319,800$159,900$159,900
62565Shelbyville, IL 625658.7 mi23$3,181,843$133,250$138,341
62422Cowden, IL 6242210.9 mi2$438,400$219,200$219,200
62083Rosamond, IL 6208312.9 mi1$85,500$85,500$85,500
62555Owaneco, IL 6255515.1 mi1$145,000$145,000$145,000
62465Strasburg, IL 6246517.4 mi1$139,900$139,900$139,900
62075Nokomis, IL 6207518.8 mi13$1,371,331$126,700$105,487
62461Shumway, IL 6246119.7 mi2$404,900$202,450$202,450
62463Stewardson, IL 6246320.8 mi2$373,900$186,950$186,950
62567Stonington, IL 6256722.1 mi6$544,998$68,000$90,833
62556Palmer, IL 6255622.7 mi1$219,900$219,900$219,900
61925Dalton City, IL 6192524.6 mi0$0$257,000$257,000
62411Altamont, IL 6241124.9 mi12$3,194,532$183,688$266,211

Frequently Asked Questions

How many homes are for sale in TOWER HILL, IL 62571?

As of March 2026, there are 2 active listings in TOWER HILL, IL (zip code 62571), compared to 1 the prior year.

What is the median home price in TOWER HILL, IL 62571?

The median listing price in TOWER HILL, IL 62571 is $158,650 as of March 2026, a 273.3% increase from $42,500 the prior year.

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

Homes in TOWER HILL, IL 62571 spend an average of 137 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 TOWER HILL, IL 62571?

Based on current inventory and days-on-market data as of March 2026, TOWER HILL, IL 62571 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 137 days on market compared to 67 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TOWER HILL, IL 62571 save an estimated $3,173 compared to a typical 5% commission on the median listing price of $158,650. 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.