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Is Buncombe, IL 62912 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Buncombe is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list111.6%Sold price ÷ list price
Median days on market74Listing to accepted offer
Median price per sq ft$96

The Buncombe housing market right now

In the three months ending August 31, 2026, 50% of homes in Buncombe, IL 62912 sold above their list price, the typical home went under contract in 74 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Nearby, buyers who want less competition could look at Vienna 62995 (18% sold over asking) or Goreville 62939 (19% sold over asking), while Ozark 62972 (67% sold over asking) is even more competitive.

Run the numbers for 62912

Prefilled for 62912Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62912Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cypress 62923 — /sq ftGoreville 62939Balanced $114 /sq ftGrantsburg 62943 — /sq ftNew Burnside 62967 — /sq ft Browse all markets →

Towns like Buncombe nearby

Find towns like Buncombe in other states →
Dongola, IL62926 · 11 miles away91% similarVery close on income, prices and more Jonesboro, IL62952 · 17 miles away90% similarlarger Galatia, IL62935 · 32 miles away90% similarVery close on income, prices and more Brookport, IL62910 · 33 miles away89% similarVery close on income, prices and more

Where Buncombe is

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Questions about Buncombe real estate

Is Buncombe a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Buncombe, IL 62912 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Buncombe?

The typical home went under contract in 74 days in the latest three months.

Do homes in Buncombe sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 111.6% of the list price.

What are property taxes in Buncombe?

About 1.24% of a home’s value a year in Johnson County, or roughly $4,960 on a $400,000 home.

What is the median home price in Buncombe?

The median sale price was $209,859 in the three months ending August 31, 2026, about $96 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology