$175,000
601 Walnut St
Alhambra, IL
2 bd1 ba1,254 sqft$140/ft²
House8,124 sqft lot
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Alhambra, IL Housing Market
Strong seller's market+10.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through February 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Alhambra, IL is worth $289,091, rose 10.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $65,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 5 days, Alhambra is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $289,091 home is about $1,543/mo in principal and interest.
Key numbers for Alhambra, IL
Typical home value
$289,091
+10.2% in 12 months
Zillow, August 2026
Median sale price
$65,000
Last published period
Redfin, through February 2026
Days on market
5
Fast-moving
Redfin, through February 2026
Active listings
1
1.0 months of supply
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$68,500
Home costs 4.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.2%
Selling above asking
Redfin, through February 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Alhambra a buyer's or seller's market?
Strong seller's market1.0 months of supply5 days on market100.2% of asking
Alhambra, IL is a strong seller's market, based on 1.0 months of supply and homes selling in about 5 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Alhambra housing market data show?
Every row below is Redfin's final published month for Alhambra, IL. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $65,000 |
| Median price per sq ft | $42/sq ft |
| Median days on market | 5 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.2% |
| Homes sold (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Alhambra is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Alhambra is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Alhambra home prices moved?
Across the 20 months we hold for Alhambra, IL, the median sale price fell 52.7%, from $137,500 in April 2021 to $65,000. The live Zillow value series has rose 10.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 100.2%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Alhambra?
Priced off the typical home value of $289,091 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $57,818 | $231,273 | $1,543/mo |
| 5% | $14,455 | $274,636 | $1,833/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,543, that implies roughly $66,142 a year before you add taxes and insurance. The median household in Alhambra earns $68,500, about $2,358 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.2x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Alhambra in the next 12 months?
Tell us your timeline. We send the Alhambra market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Alhambra?
Zillow does not publish a rent index (ZORI) for Alhambra, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Alhambra?
Active listings in Alhambra, IL went from 3 in April 2021 to 1 in February 2026, a -66.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| April 2021 | 3 | 1 |
| September 2021 | 1 | 1 |
| October 2021 | 1 | 1 |
| May 2023 | 1 | 1 |
| August 2023 | 1 | 1 |
| April 2024 | 1 | not published |
| December 2024 | 2 | 1 |
| June 2025 | 1 | not published |
| October 2025 | 1 | 1 |
| February 2026 | 1 | not published |
Redfin, through February 2026
How does Alhambra compare to Illinois and the U.S.?
Alhambra homes sell for $65,000 — 81% below the Illinois median of $337,900. Against the national median of $410,700, Alhambra runs 84% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Alhambra, IL | $65,000 | not published | 5 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Alhambra
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $289 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $289,091 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Alhambra listing goes under contract in 5 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.2% of asking. Price at the number you want and let competition do the rest.
- Your equity moved +10.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Alhambra varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Alhambra
There are currently 1 homes listed for sale in Alhambra, Illinois. Featured listings range from $175,000 to $479,000.
$189,900
Hoxey Dr
Alhambra, IL
Land9.45 acres
View photos & details
$345,000
313 Hazelwood Dr
Alhambra, IL
3 bd4 ba3,167 sqft$109/ft²
House18,474 sqft lot
View photos & details
$350,000
12012 Silver Creek Rd
Alhambra, IL
4 bd2 ba2,112 sqft$166/ft²
House5.01 acres
View photos & details
$479,000
6703 Frandsen Rd
Alhambra, IL
10 bd4 ba3,387 sqft$141/ft²
House5.87 acres
View photos & details
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Active listings
1
Homes on market
Avg. days on market
5
Days until sale
Sale-to-list:100.2%
How much do homes cost in Alhambra by property type?
How the Alhambra, IL market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $65,000 | $42/sq ft | 1 | 5 days |
Who lives in Alhambra?
American Community Survey estimates for Alhambra. U.S. Census ACS, 2023
Population
608
Households
228
Median income
$68,500/yr
Median age
48.9 years
Owner-occupied
75.0%
Median home value
$154,300
Median gross rent
$788/mo
Mean commute
29.7 min
75.0% of occupied homes in Alhambra are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $154,300 against Zillow's $289,091 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Alhambra?
1 schools tracked · 175 students
The largest public schools serving Alhambra, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Alhambra Primary School
Grades PK-3 · 175 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Alhambra, IL?
Ordered by distance from Alhambra, not by size. Compare Alhambra side by side with any of them.
Alhambra housing market FAQ
Is Alhambra a buyer's or seller's market?
Alhambra, IL is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 5 days, and sellers getting 100.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Alhambra?
The typical home in Alhambra, IL is worth $289,091 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $65,000, about $42 per square foot.
Is Alhambra cheaper than the rest of Illinois?
Alhambra's median sale price of $65,000 is 81% lower than the Illinois statewide median of $337,900, and 84% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Alhambra?
Homes in Alhambra, IL spent a median of 5 days on market before going under contract, versus 43 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Alhambra?
At the current 30-year fixed rate of 7.03%, 20% down on a $289,091 home is about $1,543 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $66,142 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $68,500.
Are home prices rising in Alhambra?
The typical home value in Alhambra, IL rose 10.2% over the last 12 months, from $262,224 to $289,091 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Alhambra?
Alhambra ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Alhambra?
That depends on your timeline, not on a headline. What the data says today: Alhambra, IL is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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