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CHAPIN, IL 62628

Real Estate Market Report  ·  Morgan County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 400% vs 1 last year
Pending
1
20% pending ratio
Median Price
$52,000
⇩ 83.5% vs $315,000 last year
Average Price
$55,000
⇩ 82.5% vs $315,000 last year
Days on Market
88
⇩ 47.3% vs 167 days last year

Market Context

Population: 799  ·  Density: 7.9/mi²  ·  Median household income: $76,579

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

Market Analysis

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

The CHAPIN, IL real estate market (62628) currently shows 5 active listings, with 1 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 88 days on market compared to 167 days last year.

The median listing price has fallen 83.5% year-over-year, from $315,000 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 1 last year
  • Days on market: 88 now vs 167 last year

Median & Average Pricing

Year over Year
  • Median: $52,000 (-83.5% YoY)
  • Average: $55,000 (-82.5% 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 25.8 miles — 98 listings ($18,384,080 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62628Chapin, IL 626280.0 mi5$275,000$52,000$55,000
62611Arenzville, IL 626117.3 mi1$161,475$161,475$161,475
62621Bluffs, IL 626217.6 mi1$419,000$419,000$419,000
62694Winchester, IL 6269411.3 mi4$263,332$65,000$65,833
62323Chambersburg, IL 6232315.3 mi1$125,000$125,000$125,000
62618Beardstown, IL 6261815.6 mi20$2,913,240$136,250$145,662
62340Griggsville, IL 6234017.7 mi4$1,243,900$117,500$310,975
62601Alexander, IL 6260119.4 mi1$64,900$64,900$64,900
62082Roodhouse, IL 6208220.2 mi8$861,904$100,000$107,738
62353Mount Sterling, IL 6235323.1 mi22$5,172,662$259,500$235,121
62363Pittsfield, IL 6236323.9 mi18$4,380,840$257,500$243,380
62092White Hall, IL 6209225.0 mi11$1,303,027$89,900$118,457
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 January 2026, there are 5 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 January 2026, a 83.5% decrease from $315,000 the prior year.

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

Homes in CHAPIN, IL 62628 spend an average of 88 days on the market before going under contract, compared to 167 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 January 2026, CHAPIN, IL 62628 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 88 days on market compared to 167 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.