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MOUNT CARMEL, IL 62863

Real Estate Market Report  ·  Wabash County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
16
⇩ 30.4% vs 23 last year
Pending
2
13% pending ratio
Median Price
$139,500
⇧ 12.5% vs $124,000 last year
Average Price
$201,561
⇧ 41.9% vs $142,040 last year
Days on Market
84
⇩ 22.2% vs 108 days last year

Market Context

Population: 9,519  ·  Density: 24.9/mi²  ·  Median household income: $51,771

Typical home value: $93,804  ·  Homeownership: 74.3%

Market Analysis

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

The MOUNT CARMEL, IL real estate market (62863) currently shows 16 active listings, with 2 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 84 days on market compared to 108 days last year.

The median listing price has risen 12.5% year-over-year, from $124,000 to $139,500.

Whether you are buying or selling in MOUNT CARMEL, 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: 16 this year vs 23 last year
  • Days on market: 84 now vs 108 last year

Median & Average Pricing

Year over Year
  • Median: $139,500 (+12.5% YoY)
  • Average: $201,561 (+41.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 27.3 miles — 99 listings ($20,178,428 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62863Mount Carmel, IL 628630.0 mi16$3,224,976$139,500$201,561
62476West Salem, IL 6247611.5 mi3$607,200$202,400$202,400
62806Albion, IL 6280612.1 mi9$1,059,174$86,000$117,686
62844Grayville, IL 6284415.3 mi6$539,700$66,950$89,950
47612Cynthiana, IN 4761217.4 mi4$811,000$202,750$202,750
62833Ellery, IL 6283317.5 mi1$220,000$220,000$220,000
47640Hazleton, IN 4764020.0 mi2$686,250$343,125$343,125
62417Bridgeport, IL 6241720.4 mi2$209,900$104,950$104,950
47631New Harmony, IN 4763122.0 mi2$629,400$314,700$314,700
47649Francisco, IN 4764922.5 mi1$415,000$415,000$415,000
62450Olney, IL 6245024.1 mi23$7,530,568$124,900$327,416
62439Lawrenceville, IL 6243925.7 mi26$3,993,392$154,700$153,592
62868Noble, IL 6286827.3 mi4$251,868$65,000$62,967

Frequently Asked Questions

How many homes are for sale in MOUNT CARMEL, IL 62863?

As of January 2026, there are 16 active listings in MOUNT CARMEL, IL (zip code 62863), compared to 23 the prior year.

What is the median home price in MOUNT CARMEL, IL 62863?

The median listing price in MOUNT CARMEL, IL 62863 is $139,500 as of January 2026, a 12.5% increase from $124,000 the prior year.

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

Homes in MOUNT CARMEL, IL 62863 spend an average of 84 days on the market before going under contract, compared to 108 days the prior year.

Is it a seller's or buyer's market in MOUNT CARMEL, IL 62863?

Based on current inventory and days-on-market data as of January 2026, MOUNT CARMEL, IL 62863 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 84 days on market compared to 108 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MOUNT CARMEL, IL 62863 save an estimated $2,790 compared to a typical 5% commission on the median listing price of $139,500. 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.