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RALEIGH, IL 62977

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

Market Analysis

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

The RALEIGH, IL real estate market (62977) currently shows 2 active listings, with 1 pending sales. Homes are averaging 11 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 selling faster, averaging 11 days on market compared to 53 days last year.

The median listing price has risen 50% year-over-year, from $175,000 to $262,500.

Whether you are buying or selling in RALEIGH, 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: 632  ·  Density: 11.5/mi²  ·  Median household income: $61,250

Typical home value: $108,654  ·  Homeownership: 79.1%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$262,500
⇧ 50% vs $175,000 last year
Average Price
$262,500
⇧ 50% vs $175,000 last year
Days on Market
11
⇩ 79.2% vs 53 days last year

Price Per Square Foot

Median $/sqft
$80
⇩ 4.8% vs $84/sqft last year
Median Home Size
3,300 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 11 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $262,500 (+50% YoY)
  • Average: $262,500 (+50% 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 24.1 miles — 198 listings ($44,590,335 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62935Galatia, IL 629354.8 mi5$1,061,875$209,750$212,375
62817Broughton, IL 628178.0 mi1$239,000$239,000$239,000
62890Thompsonville, IL 6289011.3 mi6$1,195,998$149,000$199,333
62934Equality, IL 6293414.0 mi4$3,190,000$522,500$797,500
62859McLeansboro, IL 6285915.1 mi6$531,402$72,000$88,567
62860Macedonia, IL 6286016.5 mi2$374,000$187,000$187,000
62856Logan, IL 6285617.3 mi1$55,000$55,000$55,000
62896West Frankfort, IL 6289620.3 mi47$5,913,117$118,600$125,811
62835Enfield, IL 6283521.2 mi1$425,000$425,000$425,000
62922Creal Springs, IL 6292221.8 mi11$3,071,079$196,500$279,189
62959Marion, IL 6295922.4 mi79$20,944,559$224,250$265,121
62812Benton, IL 6281223.2 mi33$7,424,505$176,175$224,985
62874Orient, IL 6287424.1 mi2$164,800$82,400$82,400

Frequently Asked Questions

How many homes are for sale in RALEIGH, IL 62977?

As of March 2026, there are 2 active listings in RALEIGH, IL (zip code 62977), compared to 1 the prior year.

What is the median home price in RALEIGH, IL 62977?

The median listing price in RALEIGH, IL 62977 is $262,500 as of March 2026, a 50% increase from $175,000 the prior year.

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

Homes in RALEIGH, IL 62977 spend an average of 11 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in RALEIGH, IL 62977?

Based on current inventory and days-on-market data as of March 2026, RALEIGH, IL 62977 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 11 days on market compared to 53 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RALEIGH, IL 62977 save an estimated $5,250 compared to a typical 5% commission on the median listing price of $262,500. 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.