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WOLF LAKE, IL 62998

Real Estate Market Report  ·  Union County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The WOLF LAKE, IL real estate market (62998) currently shows 2 active listings, with 1 pending sales. Homes are averaging 92 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 92 days on market compared to 1 days last year.

The median listing price has fallen 56.5% year-over-year, from $142,500 to $62,000.

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Market Context

Market Context

Population: 198  ·  Density: 1.6/mi²  ·  Median household income: $68,625

Typical home value: $0  ·  Homeownership: 94.8%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$62,000
⇩ 56.5% vs $142,500 last year
Average Price
$62,000
⇩ 56.5% vs $142,500 last year
Days on Market
92
⇧ 9100% vs 1 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 92 now vs 1 last year

Median & Average Pricing

Year over Year
  • Median: $62,000 (-56.5% YoY)
  • Average: $62,000 (-56.5% 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 21.1 miles — 346 listings ($120,218,756 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62998Wolf Lake, IL 629980.0 mi2$124,000$62,000$62,000
62942Grand Tower, IL 629428.3 mi1$55,000$55,000$55,000
63732Altenburg, MO 637329.6 mi1$60,000$60,000$60,000
63755Jackson, MO 6375511.8 mi85$34,782,170$318,575$409,202
63748Frohna, MO 6374813.9 mi3$989,700$329,900$329,900
62903Carbondale, IL 6290314.2 mi6$1,420,560$262,500$236,760
63701Cape Girardeau, MO 6370114.5 mi140$54,682,740$308,750$390,591
62906Anna, IL 6290614.7 mi23$6,174,695$193,750$268,465
62961Millcreek, IL 6296116.1 mi1$3,900$3,900$3,900
62958Makanda, IL 6295817.4 mi14$4,453,442$235,600$318,103
62966Murphysboro, IL 6296618.2 mi59$12,457,909$119,675$211,151
62990Thebes, IL 6299020.0 mi1$651,500$651,500$651,500
62902Carbondale, IL 6290221.1 mi10$4,363,140$459,750$436,314

Frequently Asked Questions

How many homes are for sale in WOLF LAKE, IL 62998?

As of September 2026, there are 2 active listings in WOLF LAKE, IL (zip code 62998), compared to 1 the prior year.

What is the median home price in WOLF LAKE, IL 62998?

The median listing price in WOLF LAKE, IL 62998 is $62,000 as of September 2026, a 56.5% decrease from $142,500 the prior year.

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

Homes in WOLF LAKE, IL 62998 spend an average of 92 days on the market before going under contract, compared to 1 days the prior year.

Is it a seller's or buyer's market in WOLF LAKE, IL 62998?

Based on current inventory and days-on-market data as of September 2026, WOLF LAKE, IL 62998 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 92 days on market compared to 1 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WOLF LAKE, IL 62998 save an estimated $1,240 compared to a typical 5% commission on the median listing price of $62,000. 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.