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WAVERLY, IL 62692

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 WAVERLY, IL real estate market (62692) currently shows 4 active listings, with 2 pending sales. Homes are averaging 66 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 66 days on market compared to 44 days last year.

The median listing price has risen 28.5% year-over-year, from $59,900 to $77,000.

Whether you are buying or selling in WAVERLY, 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: 2,228  ·  Density: 9.9/mi²  ·  Median household income: $63,883

Typical home value: $107,273  ·  Homeownership: 81.7%

Market Overview

Active Listings
4
⇧ 33.3% vs 3 last year
Pending
2
50% pending ratio
Median Price
$77,000
⇧ 28.5% vs $59,900 last year
Average Price
$77,000
⇧ 32.2% vs $58,233 last year
Days on Market
66
⇧ 50% vs 44 days last year

Price Per Square Foot

Median $/sqft
$59
⇧ 15.7% vs $51/sqft last year
Median Home Size
1,163 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 3 last year
  • Days on market: 66 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $77,000 (+28.5% YoY)
  • Average: $77,000 (+32.2% 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 21.3 miles — 239 listings ($41,392,108 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62692Waverly, IL 626920.0 mi4$203,800$50,950$50,950
62638Franklin, IL 626387.8 mi2$287,300$143,650$143,650
62690Virden, IL 6269010.7 mi6$795,528$156,150$132,588
62670New Berlin, IL 6267011.4 mi3$450,975$150,325$150,325
62601Alexander, IL 6260112.7 mi1$64,900$64,900$64,900
62530Divernon, IL 6253015.2 mi3$449,901$152,450$149,967
62536Glenarm, IL 6253615.7 mi0$0$660,000$660,000
62649Hettick, IL 6264916.6 mi2$298,000$149,000$149,000
62650Jacksonville, IL 6265018.4 mi61$11,906,407$154,400$195,187
62704Springfield, IL 6270418.9 mi82$16,600,080$148,425$202,440
62703Springfield, IL 6270320.5 mi43$4,157,670$87,450$96,690
62626Carlinville, IL 6262620.8 mi23$5,112,946$126,000$222,302
62082Roodhouse, IL 6208221.3 mi9$1,064,601$120,000$118,289

Frequently Asked Questions

How many homes are for sale in WAVERLY, IL 62692?

As of March 2026, there are 4 active listings in WAVERLY, IL (zip code 62692), compared to 3 the prior year.

What is the median home price in WAVERLY, IL 62692?

The median listing price in WAVERLY, IL 62692 is $77,000 as of March 2026, a 28.5% increase from $59,900 the prior year.

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

Homes in WAVERLY, IL 62692 spend an average of 66 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in WAVERLY, IL 62692?

Based on current inventory and days-on-market data as of March 2026, WAVERLY, IL 62692 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 66 days on market compared to 44 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WAVERLY, IL 62692 save an estimated $1,540 compared to a typical 5% commission on the median listing price of $77,000. 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.