$5,000
Baxmeyer Ln Lot 10
Assumption, IL
Land26,136 sqft lot
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Assumption, IL Housing Market
Leaning buyer's+4.8% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Assumption, IL is worth $134,000, rose 4.8% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $199,000, +80.9% year over year (through May 2026). With 5.0 months of supply and homes going under contract in about 155 days, Assumption is a leaning buyer's. At today's 6.66% 30-year fixed rate, 20% down on a $134,000 home is about $689/mo in principal and interest.
Key numbers for Assumption, IL
Typical home value
$134,000
+4.8% in 12 months
Zillow, July 2026
Median sale price
$199,000
+80.9% year over year
Redfin, through May 2026
Days on market
155
Slow-moving
Redfin, through May 2026
Active listings
5
5.0 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
$55,764
Home costs 2.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
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 Assumption a buyer's or seller's market?
Leaning buyer's5.0 months of supply155 days on market100.0% of asking
Assumption, IL is a leaning buyer's, based on 5.0 months of supply and homes selling in about 155 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Assumption housing market data show?
Every row below is Redfin's final published month for Assumption, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $199,000 |
| Median list price | $74,900 |
| Year-over-year price change | +80.9% |
| Median price per sq ft | $96/sq ft |
| Median days on market | 155 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 40.0% |
| Market condition | Leaning buyer's |
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 Assumption is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Assumption 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 Assumption home prices moved?
Over the last three years the median sale price in Assumption, IL rose 184.3%, from $70,000 to $199,000. The live Zillow value series has rose 4.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 40.0% of Assumption listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 5.0 months while the sale-to-list ratio slips below its current 100.0%. 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 Assumption?
Priced off the typical home value of $134,000 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% | $26,800 | $107,200 | $689/mo |
| 5% | $6,700 | $127,300 | $818/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 $689, that implies roughly $29,524 a year before you add taxes and insurance. The median household in Assumption earns $55,764, about $26,240 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 2.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Assumption in the next 12 months?
Tell us your timeline. We send the Assumption 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 Assumption?
Zillow does not publish a rent index (ZORI) for Assumption, 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 Assumption?
Active listings in Assumption, IL went from 8 in February 2025 to 5 in May 2026, a -37.5% 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 2025 | 7 | 2 |
| May 2025 | 7 | 1 |
| June 2025 | 6 | 2 |
| July 2025 | 7 | 1 |
| August 2025 | 5 | 1 |
| September 2025 | 4 | 1 |
| October 2025 | 5 | 1 |
| December 2025 | 6 | not published |
| January 2026 | 4 | not published |
| February 2026 | 4 | 1 |
| March 2026 | 3 | not published |
| May 2026 | 5 | 1 |
Redfin, through May 2026
How does Assumption compare to Illinois and the U.S.?
Assumption homes sell for $199,000 — 41% below the Illinois median of $337,900. Against the national median of $410,700, Assumption runs 52% lower. Year-over-year, Assumption moved +80.9% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Assumption, IL | $199,000 | +80.9% | 155 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 Assumption
What buyers should watch
- Months of supply, currently 5.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 40.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $129 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 $134,000 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 Assumption listing goes under contract in 155 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 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Assumption added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +4.8% 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 Assumption varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Assumption
There are currently 5 homes listed for sale in Assumption, Illinois. The median listing price is $75K. Featured listings range from $5,000 to $299,000.
$5,000
Baxmeyer Ln Lot 15
Assumption, IL
Land26,136 sqft lot
View photos & details
$5,000
Baxmeyer Ln Lot 14
Assumption, IL
Land26,136 sqft lot
View photos & details
$5,000
Baxmeyer Ln Lot 13
Assumption, IL
Land26,136 sqft lot
View photos & details
$5,000
Baxmeyer Ln Lot 12
Assumption, IL
Land26,136 sqft lot
View photos & details
$5,000
Baxmeyer Ln Lot 11
Assumption, IL
Land26,136 sqft lot
View photos & details
$5,000
Baxmeyer Ln Lot 16
Assumption, IL
Land26,136 sqft lot
View photos & details
$75,000
325 N Poplar St
Assumption, IL
2 bd1 ba1,056 sqft$71/ft²
House
View photos & details
$165,000
107 S Oak St
Assumption, IL
4 bd4 ba
Multi-family
View photos & details
$194,500
225 E North St
Assumption, IL
3 bd2 ba1,792 sqft$109/ft²
Mobile home12,632 sqft lot
View photos & details
$199,000
324 N Oak St
Assumption, IL
3 bd2 ba2,074 sqft$96/ft²
House9,583 sqft lot
View photos & details
$299,000
990 E 2200 North Rd
Assumption, IL
3 bd3 ba2,396 sqft$125/ft²
House2.00 acres
View photos & details
Looking to buy in Assumption?
Get connected with a local real estate expert — free, no obligation.
Active listings
5
Homes on market
Median list price
$75K
Avg. days on market
155
Days until sale
New this week
1
Newly listed
Price drops:40.0%of listings
Sale-to-list:100.0%
How much do homes cost in Assumption by property type?
How the Assumption, 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 | $199,000 | $96/sq ft | 1 | 155 days |
Who lives in Assumption?
American Community Survey estimates for Assumption. U.S. Census ACS, 2023
Population
1,117
Households
517
Median income
$55,764/yr
Median age
34.3 years
Owner-occupied
61.1%
Median home value
$72,100
Median gross rent
$646/mo
Mean commute
20.8 min
61.1% of occupied homes in Assumption 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 $72,100 against Zillow's $134,000 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Assumption?
3 schools tracked · 325 students
The largest public schools serving Assumption, 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.
Central A & M Middle School
Grades 6-8 · 165 students
Bond Primary
Grades PK-1 · 160 students
Kemmerer Village School
Grades 6-12
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 Assumption, IL?
Ordered by distance from Assumption, not by size. Compare Assumption side by side with any of them.
Assumption housing market FAQ
Is Assumption a buyer's or seller's market?
Assumption, IL is currently a leaning buyer's. That read comes from 5.0 months of supply, homes going under contract in about 155 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Assumption?
The typical home in Assumption, IL is worth $134,000 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $199,000, about $96 per square foot.
Is Assumption cheaper than the rest of Illinois?
Assumption's median sale price of $199,000 is 41% lower than the Illinois statewide median of $337,900, and 52% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Assumption?
Homes in Assumption, IL spent a median of 155 days on market before going under contract, versus 43 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Assumption?
At the current 30-year fixed rate of 6.66%, 20% down on a $134,000 home is about $689 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $29,524 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $55,764.
Are home prices rising in Assumption?
The typical home value in Assumption, IL rose 4.8% over the last 12 months, from $127,889 to $134,000 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Assumption?
Assumption 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 Assumption?
That depends on your timeline, not on a headline. What the data says today: Assumption, IL is a leaning buyer's with 5.0 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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