$140,000
108 S Main St
Annawan, IL
4 bd2 ba1,392 sqft$101/ft²
House9,583 sqft lot
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Annawan, IL Housing Market
Seller's market+16.0% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Annawan, IL is worth $189,182, rose 16.0% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $145,000 (through May 2026). With 3.0 months of supply and homes going under contract in about 46 days, Annawan is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $189,182 home is about $973/mo in principal and interest.
Key numbers for Annawan, IL
Typical home value
$189,182
+16.0% in 12 months
Zillow, July 2026
Median sale price
$145,000
Last published period
Redfin, through May 2026
Days on market
46
Average pace
Redfin, through May 2026
Active listings
3
3.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$71,250
Home costs 2.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.6%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 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 Annawan a buyer's or seller's market?
Seller's market3.0 months of supply46 days on market103.6% of asking
Annawan, IL is a seller's market, based on 3.0 months of supply and homes selling in about 46 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Annawan housing market data show?
Every row below is Redfin's final published month for Annawan, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $145,000 |
| Median list price | $120,000 |
| Median price per sq ft | $104/sq ft |
| Median days on market | 46 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 103.6% |
| Homes sold (that month) | 1 |
| New listings (that month) | 3 |
| Market condition | 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 Annawan is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Annawan 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 Annawan home prices moved?
Across the 33 months we hold for Annawan, IL, the median sale price rose 78.7%, from $81,125 in April 2021 to $145,000. The live Zillow value series has rose 16.0% 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 3.0 months while the sale-to-list ratio slips below its current 103.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Annawan?
Priced off the typical home value of $189,182 at the current 6.66% 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% | $37,836 | $151,345 | $973/mo |
| 5% | $9,459 | $179,723 | $1,155/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 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 $973, that implies roughly $41,682 a year before you add taxes and insurance. The median household in Annawan earns $71,250, about $29,568 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 2.7x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Annawan in the next 12 months?
Tell us your timeline. We send the Annawan 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 Annawan?
Zillow does not publish a rent index (ZORI) for Annawan, 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 Annawan?
Active listings in Annawan, IL went from 5 in July 2024 to 3 in May 2026, a -40.0% 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 |
|---|---|---|
| August 2024 | 6 | 1 |
| October 2024 | 5 | 1 |
| November 2024 | 5 | not published |
| December 2024 | 5 | 1 |
| January 2025 | 4 | not published |
| March 2025 | 3 | not published |
| April 2025 | 2 | not published |
| June 2025 | 3 | 2 |
| August 2025 | 1 | 1 |
| October 2025 | 2 | 1 |
| December 2025 | 1 | 1 |
| May 2026 | 3 | 3 |
Redfin, through May 2026
How does Annawan compare to Illinois and the U.S.?
Annawan homes sell for $145,000 — 57% below the Illinois median of $337,900. Against the national median of $410,700, Annawan runs 65% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Annawan, IL | $145,000 | not published | 46 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Annawan
What buyers should watch
- Months of supply, currently 3.0. 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 $182 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $189,182 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 Annawan listing goes under contract in 46 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 103.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Annawan added 3 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +16.0% 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 Annawan varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Annawan
There are currently 3 homes listed for sale in Annawan, Illinois. The median listing price is $120K. Featured listings range from $140,000 to $3,315,000.
$169,900
502 W Front St
Annawan, IL
5 bd2 ba1,763 sqft$96/ft²
House
View photos & details
$3,315,000
317 N Canal St
Annawan, IL
Land51.00 acres
View photos & details
Looking to buy in Annawan?
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Active listings
3
Homes on market
Median list price
$120K
Avg. days on market
46
Days until sale
New this week
3
Newly listed
Sale-to-list:103.6%
How much do homes cost in Annawan by property type?
How the Annawan, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $145,000 | $104/sq ft | 1 | 46 days |
Who lives in Annawan?
American Community Survey estimates for Annawan. U.S. Census ACS, 2023
Population
955
Households
403
Median income
$71,250/yr
Median age
39.9 years
Owner-occupied
78.9%
Median home value
$138,200
Median gross rent
$550/mo
Mean commute
23.4 min
78.9% of occupied homes in Annawan 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 $138,200 against Zillow's $189,182 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Annawan?
2 schools tracked · 327 students
The largest public schools serving Annawan, 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.
Annawan Grade School
Grades PK-8 · 228 students
Annawan High School
Grades 9-12 · 99 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 Annawan, IL?
Ordered by distance from Annawan, not by size. Compare Annawan side by side with any of them.
Annawan housing market FAQ
Is Annawan a buyer's or seller's market?
Annawan, IL is currently a seller's market. That read comes from 3.0 months of supply, homes going under contract in about 46 days, and sellers getting 103.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Annawan?
The typical home in Annawan, IL is worth $189,182 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $145,000, about $104 per square foot.
Is Annawan cheaper than the rest of Illinois?
Annawan's median sale price of $145,000 is 57% lower than the Illinois statewide median of $337,900, and 65% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Annawan?
Homes in Annawan, IL spent a median of 46 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Annawan?
At the current 30-year fixed rate of 6.66%, 20% down on a $189,182 home is about $973 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $41,682 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $71,250.
Are home prices rising in Annawan?
The typical home value in Annawan, IL rose 16.0% over the last 12 months, from $163,026 to $189,182 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Annawan?
Annawan 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 Annawan?
That depends on your timeline, not on a headline. What the data says today: Annawan, IL is a seller's market with 3.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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