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RICHVIEW, IL 62877

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

Market Analysis

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

The RICHVIEW, IL real estate market (62877) currently shows 2 active listings, with 2 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 19 days on market compared to 87 days last year.

The median listing price has fallen 20.1% year-over-year, from $150,000 to $119,900.

Whether you are buying or selling in RICHVIEW, 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: 441  ·  Density: 5.4/mi²  ·  Median household income: $70,795

Typical home value: $101,401  ·  Homeownership: 91.8%

Market Overview

Active Listings
2
vs 2 last year
Pending
2
100% pending ratio
Median Price
$119,900
⇩ 20.1% vs $150,000 last year
Average Price
$119,900
⇩ 20.1% vs $150,000 last year
Days on Market
19
⇩ 78.2% vs 87 days last year

Price Per Square Foot

Median $/sqft
$97
⇧ 4.3% vs $93/sqft last year
Median Home Size
1,232 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 19 now vs 87 last year

Median & Average Pricing

Year over Year
  • Median: $119,900 (-20.1% YoY)
  • Average: $119,900 (-20.1% 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
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 22.9 miles — 135 listings ($24,614,359 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62877Richview, IL 628770.0 mi2$219,400$109,700$109,700
62803Hoyleton, IL 628036.7 mi4$554,268$140,750$138,567
62801Centralia, IL 628019.1 mi51$8,866,962$156,950$173,862
62893Walnut Hill, IL 6289310.9 mi3$600,000$265,000$200,000
62263Nashville, IL 6226311.1 mi11$3,355,858$257,425$305,078
62894Waltonville, IL 6289415.4 mi2$169,000$84,500$84,500
62218Bartelso, IL 6221817.2 mi1$140,000$140,000$140,000
62882Sandoval, IL 6288217.5 mi5$568,335$135,000$113,667
62888Tamaroa, IL 6288818.2 mi4$1,255,000$313,750$313,750
62870Odin, IL 6287018.9 mi5$592,125$109,400$118,425
62816Bonnie, IL 6281621.0 mi2$339,900$169,950$169,950
62881Salem, IL 6288122.6 mi34$5,782,584$154,450$170,076
62884Sesser, IL 6288422.9 mi11$2,170,927$153,475$197,357

Frequently Asked Questions

How many homes are for sale in RICHVIEW, IL 62877?

As of March 2026, there are 2 active listings in RICHVIEW, IL (zip code 62877), compared to 2 the prior year.

What is the median home price in RICHVIEW, IL 62877?

The median listing price in RICHVIEW, IL 62877 is $119,900 as of March 2026, a 20.1% decrease from $150,000 the prior year.

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

Homes in RICHVIEW, IL 62877 spend an average of 19 days on the market before going under contract, compared to 87 days the prior year.

Is it a seller's or buyer's market in RICHVIEW, IL 62877?

Based on current inventory and days-on-market data as of March 2026, RICHVIEW, IL 62877 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 19 days on market compared to 87 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RICHVIEW, IL 62877 save an estimated $2,398 compared to a typical 5% commission on the median listing price of $119,900. 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.