$168,000
Rt 113
Bonfield, IL
Farm11.32 acres
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Sarah Mitchell
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Compass Real Estate · Bonfield, IL
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Bonfield, IL(512) 555-0184TX License #0512847
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Bonfield, IL Housing Market
Balanced market+15.0% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through September 2025 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Bonfield, IL is worth $323,742, rose 15.0% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $315,000, +24.7% year over year (through May 2026). With homes going under contract in about 4 days, Bonfield is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $323,742 home is about $1,664/mo in principal and interest.
Key numbers for Bonfield, IL
Typical home value
$323,742
+15.0% in 12 months
Zillow, July 2026
Median sale price
$315,000
+24.7% year over year
Redfin, through September 2025
Days on market
4
Fast-moving
Redfin, through September 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$86,667
Home costs 3.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.9%
Selling below asking
Redfin, through September 2025
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 Bonfield a buyer's or seller's market?
Balanced market4 days on market96.9% of asking
Bonfield, IL is a balanced market and homes selling in about 4 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Bonfield housing market data show?
Every row below is Redfin's final published month for Bonfield, IL. Redfin, through September 2025
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Year-over-year price change | +24.7% |
| Median price per sq ft | $158/sq ft |
| Median days on market | 4 days |
| Sale-to-list price ratio | 96.9% |
| Homes sold (that month) | 1 |
| Market condition | Balanced 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 Bonfield is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Bonfield 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 Bonfield home prices moved?
Across the 19 months we hold for Bonfield, IL, the median sale price rose 76.0%, from $179,000 in May 2021 to $315,000. The live Zillow value series has rose 15.0% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through September 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Bonfield?
Priced off the typical home value of $323,742 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% | $64,748 | $258,994 | $1,664/mo |
| 5% | $16,187 | $307,555 | $1,976/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 $1,664, that implies roughly $71,330 a year before you add taxes and insurance. The median household in Bonfield earns $86,667, about $15,337 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 3.7x — 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 Bonfield in the next 12 months?
Tell us your timeline. We send the Bonfield 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 Bonfield?
Zillow does not publish a rent index (ZORI) for Bonfield, 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 Bonfield?
Active listings in Bonfield, IL went from 1 in November 2021 to 1 in May 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| May 2022 | 2 | 1 |
| July 2022 | 1 | not published |
| June 2023 | 2 | not published |
| September 2023 | 2 | not published |
| October 2023 | 1 | not published |
| April 2024 | 1 | 1 |
| July 2024 | 2 | 3 |
| August 2024 | 1 | not published |
| September 2024 | 1 | 1 |
| November 2024 | 1 | not published |
| April 2025 | 4 | 1 |
| May 2025 | 1 | not published |
Redfin, through May 2025
How does Bonfield compare to Illinois and the U.S.?
Bonfield homes sell for $315,000 — 7% below the Illinois median of $337,900. Against the national median of $410,700, Bonfield runs 23% lower. Year-over-year, Bonfield moved +24.7% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Bonfield, IL | $315,000 | +24.7% | 4 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through September 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Bonfield
What buyers should watch
- The gap between 5% and 20% down here is $312 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 $323,742 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 Bonfield listing goes under contract in 4 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 96.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +15.0% 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 Bonfield varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Bonfield
Explore homes currently listed for sale in Bonfield, Illinois across major real estate platforms.
$200,000
4500 N 12000 Rd W
Bonfield, IL
Farm20.00 acres
View photos & details
$285,000
2434 N 7000W Rd
Bonfield, IL
4 bd2 ba1,800 sqft$158/ft²
House21,780 sqft lot
View photos & details
$550,000
5996 W 2000N Rd
Bonfield, IL
3 bd2 ba1,815 sqft$303/ft²
House10.00 acres
View photos & details
$600,000
4600 N 12000 Rd W
Bonfield, IL
Farm60.60 acres
View photos & details
$994,650
Address unavailable
Bonfield, IL
Farm105.00 acres
View photos & details
Looking to buy in Bonfield?
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Sale-to-list:96.9%
How much do homes cost in Bonfield by property type?
How the Bonfield, IL market breaks down across single-family homes, condos and townhouses. Redfin, through September 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $315,000 | $158/sq ft | 1 | 4 days |
Who lives in Bonfield?
American Community Survey estimates for Bonfield. U.S. Census ACS, 2023
Population
474
Households
198
Median income
$86,667/yr
Median age
42.3 years
Owner-occupied
80.3%
Median home value
$190,800
Median gross rent
$825/mo
Mean commute
24.4 min
80.3% of occupied homes in Bonfield 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 $190,800 against Zillow's $323,742 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Bonfield?
1 schools tracked · 306 students
The largest public schools serving Bonfield, 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.
Bonfield Grade School
Grades PK-1 · 306 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 Bonfield, IL?
Ordered by distance from Bonfield, not by size. Compare Bonfield side by side with any of them.
Bonfield housing market FAQ
Is Bonfield a buyer's or seller's market?
Bonfield, IL is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Bonfield?
The typical home in Bonfield, IL is worth $323,742 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $315,000, about $158 per square foot.
Is Bonfield cheaper than the rest of Illinois?
Bonfield's median sale price of $315,000 is 7% lower than the Illinois statewide median of $337,900, and 23% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Bonfield?
Homes in Bonfield, IL spent a median of 4 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 Bonfield?
At the current 30-year fixed rate of 6.66%, 20% down on a $323,742 home is about $1,664 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $71,330 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $86,667.
Are home prices rising in Bonfield?
The typical home value in Bonfield, IL rose 15.0% over the last 12 months, from $281,593 to $323,742 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Bonfield?
Bonfield 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 Bonfield?
That depends on your timeline, not on a headline. What the data says today: Bonfield, IL is a balanced market, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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