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ALBION, IL 62806

Real Estate Market Report  ·  Edwards County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ALBION, IL real estate market (62806) currently shows 9 active listings, with 1 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 80 days on market compared to 121 days last year.

The median listing price has fallen 32.1% year-over-year, from $189,500 to $128,650.

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 Context

Market Context

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

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

Market Overview

Active Listings
9
⇧ 125% vs 4 last year
Pending
1
11% pending ratio
Median Price
$128,650
⇩ 32.1% vs $189,500 last year
Average Price
$141,806
⇩ 36.9% vs $224,700 last year
Days on Market
80
⇩ 33.9% vs 121 days last year

Price Per Square Foot

Median $/sqft
$106
⇩ 15.9% vs $126/sqft last year
Median Home Size
1,196 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 4 last year
  • Days on market: 80 now vs 121 last year

Median & Average Pricing

Year over Year
  • Median: $128,650 (-32.1% YoY)
  • Average: $141,806 (-36.9% 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 26.6 miles — 155 listings ($31,121,669 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62806Albion, IL 628060.0 mi9$1,246,905$116,150$138,545
62844Grayville, IL 628449.0 mi5$438,165$74,900$87,633
62863Mount Carmel, IL 6286312.1 mi22$4,295,390$139,900$195,245
62837Fairfield, IL 6283715.5 mi55$8,638,795$134,750$157,069
47665Owensville, IN 4766520.2 mi12$2,426,256$202,250$202,188
62410Allendale, IL 6241021.4 mi3$329,700$109,900$109,900
47633Poseyville, IN 4763321.6 mi2$694,900$347,450$347,450
62823Cisne, IL 6282321.7 mi7$781,375$94,250$111,625
62450Olney, IL 6245022.8 mi25$8,902,700$112,450$356,108
47612Cynthiana, IN 4761224.1 mi3$585,000$195,000$195,000
62886Sims, IL 6288625.0 mi1$335,000$335,000$335,000
47666Patoka, IN 4766625.8 mi4$699,716$159,900$174,929
62466Sumner, IL 6246626.6 mi7$1,747,767$288,650$249,681

Frequently Asked Questions

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

As of March 2026, there are 9 active listings in ALBION, IL (zip code 62806), compared to 4 the prior year.

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

The median listing price in ALBION, IL 62806 is $128,650 as of March 2026, a 32.1% decrease from $189,500 the prior year.

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

Homes in ALBION, IL 62806 spend an average of 80 days on the market before going under contract, compared to 121 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 March 2026, ALBION, IL 62806 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 80 days on market compared to 121 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 $2,573 compared to a typical 5% commission on the median listing price of $128,650. 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.