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ALBION, IL 62806

Real Estate Market Report  ·  Edwards County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
9
⇧ 80% vs 5 last year
Pending
2
22% pending ratio
Median Price
$86,000
⇩ 65.5% vs $249,000 last year
Average Price
$117,686
⇩ 54.1% vs $256,300 last year
Days on Market
104
⇧ 31.6% vs 79 days last year

Market Context

Population: 3,316  ·  Density: 12.4/mi²  ·  Median household income: $63,295

Typical home value: $107,260  ·  Homeownership: 75.2%

Market Analysis

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

The ALBION, IL real estate market (62806) currently shows 9 active listings, with 2 pending sales. Homes are averaging 104 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 taking longer to sell, averaging 104 days on market compared to 79 days last year.

The median listing price has fallen 65.5% year-over-year, from $249,000 to $86,000.

Whether you are buying or selling in ALBION, 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: 9 this year vs 5 last year
  • Days on market: 104 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $86,000 (-65.5% YoY)
  • Average: $117,686 (-54.1% 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 27.1 miles — 176 listings ($36,373,987 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62806Albion, IL 628060.0 mi9$1,059,174$86,000$117,686
62844Grayville, IL 628449.0 mi6$539,700$66,950$89,950
62863Mount Carmel, IL 6286312.1 mi16$3,224,976$139,500$201,561
62837Fairfield, IL 6283715.5 mi55$8,203,910$137,500$149,162
47665Owensville, IN 4766520.2 mi12$2,448,804$185,000$204,067
62410Allendale, IL 6241021.4 mi2$129,800$64,900$64,900
47633Poseyville, IN 4763321.6 mi2$579,716$303,675$289,858
62823Cisne, IL 6282321.7 mi7$833,000$97,250$119,000
62450Olney, IL 6245022.8 mi23$7,530,568$124,900$327,416
47612Cynthiana, IN 4761224.1 mi4$811,000$202,750$202,750
62886Sims, IL 6288625.0 mi1$335,000$335,000$335,000
62895Wayne City, IL 6289526.2 mi5$666,665$130,000$133,333
47670Princeton, IN 4767027.1 mi34$10,011,674$224,900$294,461

Frequently Asked Questions

How many homes are for sale in ALBION, IL 62806?

As of January 2026, there are 9 active listings in ALBION, IL (zip code 62806), compared to 5 the prior year.

What is the median home price in ALBION, IL 62806?

The median listing price in ALBION, IL 62806 is $86,000 as of January 2026, a 65.5% decrease from $249,000 the prior year.

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

Homes in ALBION, IL 62806 spend an average of 104 days on the market before going under contract, compared to 79 days the prior year.

Is it a seller's or buyer's market in ALBION, IL 62806?

Based on current inventory and days-on-market data as of January 2026, ALBION, IL 62806 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 104 days on market compared to 79 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ALBION, IL 62806 save an estimated $1,720 compared to a typical 5% commission on the median listing price of $86,000. 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.