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CHAPIN, IL 62628

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

Market Analysis

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

The CHAPIN, IL real estate market (62628) currently shows 3 active listings, with 1 pending sales. Homes are averaging 172 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 172 days on market compared to 38 days last year.

The median listing price has fallen 52.7% year-over-year, from $110,000 to $52,000.

Whether you are buying or selling in CHAPIN, 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: 799  ·  Density: 7.9/mi²  ·  Median household income: $76,579

Typical home value: $106,560  ·  Homeownership: 88.1%

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
1
33% pending ratio
Median Price
$52,000
⇩ 52.7% vs $110,000 last year
Average Price
$52,000
⇩ 52.7% vs $110,000 last year
Days on Market
172
⇧ 352.6% vs 38 days last year

Price Per Square Foot

Median $/sqft
$52
⇩ 38.1% vs $84/sqft last year
Median Home Size
1,053 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 172 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $52,000 (-52.7% YoY)
  • Average: $52,000 (-52.7% 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 25.8 miles — 165 listings ($31,688,039 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62628Chapin, IL 626280.0 mi5$296,250$57,750$59,250
62665Meredosia, IL 626657.5 mi4$344,500$86,125$86,125
62650Jacksonville, IL 6265010.1 mi61$11,906,407$154,400$195,187
62695Woodson, IL 6269514.6 mi1$169,900$169,900$169,900
62323Chambersburg, IL 6232315.3 mi2$140,000$70,000$70,000
62618Beardstown, IL 6261815.6 mi19$2,734,708$143,125$143,932
62340Griggsville, IL 6234017.7 mi5$1,542,645$108,750$308,529
62601Alexander, IL 6260119.4 mi1$64,900$64,900$64,900
62082Roodhouse, IL 6208220.2 mi9$1,064,601$120,000$118,289
62353Mount Sterling, IL 6235323.1 mi20$5,180,640$277,500$259,032
62363Pittsfield, IL 6236323.9 mi27$6,039,171$227,475$223,673
62092White Hall, IL 6209225.0 mi9$1,004,517$101,625$111,613
62624Browning, IL 6262425.8 mi2$1,199,800$599,900$599,900

Frequently Asked Questions

How many homes are for sale in CHAPIN, IL 62628?

As of March 2026, there are 3 active listings in CHAPIN, IL (zip code 62628), compared to 1 the prior year.

What is the median home price in CHAPIN, IL 62628?

The median listing price in CHAPIN, IL 62628 is $52,000 as of March 2026, a 52.7% decrease from $110,000 the prior year.

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

Homes in CHAPIN, IL 62628 spend an average of 172 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in CHAPIN, IL 62628?

Based on current inventory and days-on-market data as of March 2026, CHAPIN, IL 62628 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 172 days on market compared to 38 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CHAPIN, IL 62628 save an estimated $1,040 compared to a typical 5% commission on the median listing price of $52,000. 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.