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WOLF LAKE, IL 62998

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

Market Overview

Active Listings
2
Pending
1
50% pending ratio
Median Price
$62,000
⇩ 50.2% vs $124,500 last year
Average Price
$62,000
⇩ 50.2% vs $124,500 last year
Days on Market
88
⇩ 50.6% vs 178 days last year

Market Context

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

Typical home value: $0  ·  Homeownership: 94.8%

Market Analysis

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

The WOLF LAKE, IL real estate market (62998) currently shows 2 active listings, with 1 pending sales. Homes are averaging 88 days on the market before going under contract.

Homes are selling faster, averaging 88 days on market compared to 178 days last year.

The median listing price has fallen 50.2% year-over-year, from $124,500 to $62,000.

Whether you are buying or selling in WOLF LAKE, 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
  • Days on market: 88 now vs 178 last year

Median & Average Pricing

Year over Year
  • Median: $62,000 (-50.2% YoY)
  • Average: $62,000 (-50.2% 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 21.1 miles — 329 listings ($110,074,838 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$63,000$63,000$63,000
63732Altenburg, MO 637329.6 mi1$62,500$62,500$62,500
63755Jackson, MO 6375511.8 mi80$28,343,520$313,900$354,294
63748Frohna, MO 6374813.9 mi3$989,700$329,900$329,900
62903Carbondale, IL 6290314.2 mi5$1,208,000$265,750$241,600
63701Cape Girardeau, MO 6370114.5 mi131$50,325,746$313,900$384,166
62906Anna, IL 6290614.7 mi24$7,326,480$215,000$305,270
62961Millcreek, IL 6296116.1 mi1$3,900$3,900$3,900
62958Makanda, IL 6295817.4 mi11$3,971,902$325,000$361,082
62966Murphysboro, IL 6296618.2 mi60$12,397,020$119,000$206,617
62990Thebes, IL 6299020.0 mi1$653,167$653,167$653,167
62902Carbondale, IL 6290221.1 mi9$4,605,903$489,000$511,767

Frequently Asked Questions

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

As of January 2026, there are 2 active listings in WOLF LAKE, IL (zip code 62998).

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 January 2026, a 50.2% decrease from $124,500 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 88 days on the market before going under contract, compared to 178 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 January 2026, WOLF LAKE, IL 62998 is currently a Balanced Market. Homes are selling faster, averaging 88 days on market compared to 178 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.