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ROYALTON, IL 62983

Real Estate Market Report  ·  Franklin County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇧ 250% vs 2 last year
Pending
3
43% pending ratio
Median Price
$277,350
⇧ 269.8% vs $75,000 last year
Average Price
$277,350
⇧ 269.8% vs $75,000 last year
Days on Market
64
⇩ 13.5% vs 74 days last year

Market Context

Population: 1,521  ·  Density: 25.3/mi²  ·  Median household income: $47,448

Typical home value: $72,040  ·  Homeownership: 72.9%

Market Analysis

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

The ROYALTON, IL real estate market (62983) currently shows 7 active listings, with 3 pending sales. Homes are averaging 64 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 64 days on market compared to 74 days last year.

The median listing price has risen 269.8% year-over-year, from $75,000 to $277,350.

Whether you are buying or selling in ROYALTON, 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: 7 this year vs 2 last year
  • Days on market: 64 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $277,350 (+269.8% YoY)
  • Average: $277,350 (+269.8% 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 15.3 miles — 120 listings ($20,436,880 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62983Royalton, IL 629830.0 mi7$1,941,450$277,350$277,350
62865Mulkeytown, IL 628655.2 mi3$585,750$209,000$195,250
62932Elkville, IL 629325.5 mi6$525,750$95,000$87,625
62921Colp, IL 629217.1 mi1$26,600$26,600$26,600
62874Orient, IL 628747.2 mi2$169,800$84,900$84,900
62924De Soto, IL 629247.7 mi10$2,501,700$121,950$250,170
62927Dowell, IL 629278.1 mi2$113,000$56,500$56,500
62915Cambria, IL 629158.2 mi6$1,496,088$251,250$249,348
62933Energy, IL 6293310.1 mi1$0$0$0
62896West Frankfort, IL 6289610.8 mi46$5,962,934$105,725$129,629
62812Benton, IL 6281212.4 mi34$7,058,808$149,900$207,612
62994Vergennes, IL 6299413.0 mi1$0$0$0
62856Logan, IL 6285615.3 mi1$55,000$55,000$55,000

Frequently Asked Questions

How many homes are for sale in ROYALTON, IL 62983?

As of January 2026, there are 7 active listings in ROYALTON, IL (zip code 62983), compared to 2 the prior year.

What is the median home price in ROYALTON, IL 62983?

The median listing price in ROYALTON, IL 62983 is $277,350 as of January 2026, a 269.8% increase from $75,000 the prior year.

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

Homes in ROYALTON, IL 62983 spend an average of 64 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in ROYALTON, IL 62983?

Based on current inventory and days-on-market data as of January 2026, ROYALTON, IL 62983 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 64 days on market compared to 74 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ROYALTON, IL 62983 save an estimated $5,547 compared to a typical 5% commission on the median listing price of $277,350. 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.