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GORHAM, IL 62940

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

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$75,750
⇧ 229.3% vs $23,000 last year
Average Price
$75,750
⇧ 229.3% vs $23,000 last year
Days on Market
130
⇧ 333.3% vs 30 days last year

Market Context

Population: 729  ·  Density: 10.0/mi²  ·  Median household income: $50,938

Typical home value: $24,029  ·  Homeownership: 58.5%

Market Analysis

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

The GORHAM, IL real estate market (62940) currently shows 2 active listings. Homes are averaging 130 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 130 days on market compared to 30 days last year.

The median listing price has risen 229.3% year-over-year, from $23,000 to $75,750.

Whether you are buying or selling in GORHAM, 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: 2 this year vs 1 last year
  • Days on market: 130 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $75,750 (+229.3% YoY)
  • Average: $75,750 (+229.3% 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 19.4 miles — 109 listings ($24,951,442 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62940Gorham, IL 629400.0 mi2$151,500$75,750$75,750
62966Murphysboro, IL 629666.7 mi60$12,397,020$119,000$206,617
63748Frohna, MO 637489.2 mi3$989,700$329,900$329,900
62903Carbondale, IL 6290311.0 mi5$1,208,000$265,750$241,600
62905Alto Pass, IL 6290512.2 mi3$539,781$124,900$179,927
62994Vergennes, IL 6299413.8 mi1$0$0$0
63783Uniontown, MO 6378314.6 mi1$275,000$275,000$275,000
62924De Soto, IL 6292415.5 mi10$2,501,700$121,950$250,170
63770Old Appleton, MO 6377016.0 mi1$148,000$148,000$148,000
62932Elkville, IL 6293218.1 mi6$525,750$95,000$87,625
62927Dowell, IL 6292718.7 mi2$113,000$56,500$56,500
62915Cambria, IL 6291519.0 mi6$1,496,088$251,250$249,348
62902Carbondale, IL 6290219.4 mi9$4,605,903$489,000$511,767

Frequently Asked Questions

How many homes are for sale in GORHAM, IL 62940?

As of January 2026, there are 2 active listings in GORHAM, IL (zip code 62940), compared to 1 the prior year.

What is the median home price in GORHAM, IL 62940?

The median listing price in GORHAM, IL 62940 is $75,750 as of January 2026, a 229.3% increase from $23,000 the prior year.

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

Homes in GORHAM, IL 62940 spend an average of 130 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in GORHAM, IL 62940?

Based on current inventory and days-on-market data as of January 2026, GORHAM, IL 62940 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 130 days on market compared to 30 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GORHAM, IL 62940 save an estimated $1,515 compared to a typical 5% commission on the median listing price of $75,750. 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.