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Featured local agent — Bureau Junction, IL
Sarah Mitchell
Compass Real Estate · Bureau Junction, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bureau Junction, IL Housing Market
The last median sale price Redfin published was $29,000 (through May 2026). With homes going under contract in about 225 days, Bureau Junction is a buyer's market. At today's 6.66% 30-year fixed rate, 20% down on a $29,000 home is about $149/mo in principal and interest.
Key numbers for Bureau Junction, IL
Median sale price
$29,000
Last published period
Redfin, through May 2024
Days on market
225
Slow-moving
Redfin, through May 2024
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$54,063
Home costs 0.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
84.1%
Selling below asking
Redfin, through May 2024
Zillow figures 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 Bureau Junction a buyer's or seller's market?
Bureau Junction, IL is a buyer's market and homes selling in about 225 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 Bureau Junction housing market data show?
Every row below is Redfin's final published month for Bureau Junction, IL. Redfin, through May 2024
| Metric | Value |
|---|---|
| Median sale price | $29,000 |
| Median price per sq ft | $34/sq ft |
| Median days on market | 225 days |
| Sale-to-list price ratio | 84.1% |
| Homes sold (that month) | 1 |
| Market condition | Buyer'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 Bureau Junction is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Bureau Junction 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 Bureau Junction home prices moved?
Across the 6 months we hold for Bureau Junction, IL, the median sale price rose 107.1%, from $14,000 in August 2021 to $29,000.
Redfin, through May 2024 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Bureau Junction?
Priced off the median sale price of $29,000 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% | $5,800 | $23,200 | $149/mo |
| 5% | $1,450 | $27,550 | $177/mo |
Redfin, through May 2024 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 $149, that implies roughly $6,390 a year before you add taxes and insurance. The median household in Bureau Junction earns $54,063, about $47,673 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 0.5x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Bureau Junction in the next 12 months?
Tell us your timeline. We send the Bureau Junction 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 Bureau Junction?
Zillow does not publish a rent index (ZORI) for Bureau Junction, 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 Bureau Junction?
We hold fewer than two months of inventory readings for Bureau Junction, IL, so there is no trend to report yet.
How does Bureau Junction compare to Illinois and the U.S.?
Bureau Junction homes sell for $29,000 — 91% below the Illinois median of $337,900. Against the national median of $410,700, Bureau Junction runs 93% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Bureau Junction, IL | $29,000 | not published | 225 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2024 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Bureau Junction
What buyers should watch
- The gap between 5% and 20% down here is $28 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 $29,000 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 Bureau Junction listing goes under contract in 225 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 84.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Bureau Junction varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Bureau Junction
Explore homes currently listed for sale in Bureau Junction, Illinois across major real estate platforms.
How much do homes cost in Bureau Junction by property type?
How the Bureau Junction, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2024
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $29,000 | $34/sq ft | 1 | 225 days |
Who lives in Bureau Junction?
American Community Survey estimates for Bureau Junction. U.S. Census ACS, 2023
Population
279
Households
110
Median income
$54,063/yr
Median age
36.5 years
Owner-occupied
59.1%
Median home value
$53,700
Median gross rent
$1,821/mo
Mean commute
33.9 min
59.1% of occupied homes in Bureau Junction 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.
Which cities are near Bureau Junction, IL?
Ordered by distance from Bureau Junction, not by size. Compare Bureau Junction side by side with any of them.
Bureau Junction housing market FAQ
Is Bureau Junction a buyer's or seller's market?
Bureau Junction, IL is currently a buyer's 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 Bureau Junction?
The median sale price in the last month Redfin published was $29,000, about $34 per square foot.
Is Bureau Junction cheaper than the rest of Illinois?
Bureau Junction's median sale price of $29,000 is 91% lower than the Illinois statewide median of $337,900, and 93% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Bureau Junction?
Homes in Bureau Junction, IL spent a median of 225 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 Bureau Junction?
At the current 30-year fixed rate of 6.66%, 20% down on a $29,000 home is about $149 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $6,390 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $54,063.
Are home prices rising in Bureau Junction?
We do not hold a complete 12-month value series for Bureau Junction, IL yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Bureau Junction?
Bureau Junction 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 Bureau Junction?
That depends on your timeline, not on a headline. What the data says today: Bureau Junction, IL is a buyer's market, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $29,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.