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Featured local agent — Cambridge, IL
Sarah Mitchell
Compass Real Estate · Cambridge, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cambridge, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$149,500median sale price
How is the Cambridge, IL housing market right now?
The median home sale price in Cambridge, IL is $149,500, down 10.9% year-over-year. Homes sell in an average of 184 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cambridge a buyer's or seller's market?
Cambridge, IL is currently a balanced market, based on 2.0 months of supply and homes selling in about 184 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
184
Average pace
Active listings
4
2.0 months supply
Sale-to-list
88.1%
Below asking
What does the Cambridge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $149,500 |
| Median list price | $129,900 |
| Year-over-year price change | -10.9% |
| Average days on market | 184 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 88.1% |
| Median price per sq ft | $74/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cambridge by property type?
How the Cambridge, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $149,500 | $74/sq ft | 2 | 184 days |
| Townhouse | $145,000 | $68/sq ft | 1 | 19 days |
Source: Redfin · Updated monthly
The Cambridge housing market is currently classified as a balanced market with a median sale price of $149,500. Prices have fallen 10.9% compared to last year, with homes spending an average of 184 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Cambridge
There are currently 4 homes listed for sale in Cambridge, Illinois. The median listing price is $130K.
Active listings
4
Homes on market
Median list price
$130K
Avg. days on market
184
Days until sale
New this week
4
Newly listed
Who lives in Cambridge?
Population
2,184
Median income
$72,292/yr
Median age
35.6 years
Owner-occupied
88.4%
College grads
17.3%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Cambridge?
Zillow home value
$134,859
Price-to-income
1.9x
Source: Zillow Research
What is it like to live in Cambridge?
Cambridge is a community of approximately 2K residents with a median age of 35.6 years.The median household income is $72,292, which represents a working-class community with solid middle-income opportunities. 17.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cambridge offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cambridge?
2 schools tracked · 471 students
The largest public schools serving Cambridge, 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.
Cambridge Comm Grade School
Grades PK-5 · 236 students
Cambridge Jr/Sr High School
Grades 6-12 · 235 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 Cambridge, IL?
Want a head-to-head view? Compare Cambridge side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cambridge?
The median home sale price in Cambridge is $149,500, down 10.9% from last year.
How long do homes stay on market in Cambridge?
Homes typically spend 184 days on market before going under contract.
What is the median income in Cambridge?
The median household income is $72,292 per year.
Is Cambridge a buyer's or seller's market?
With 2.0 months of supply, Cambridge is currently a balanced market.
What is the Zillow home value estimate for Cambridge?
The Zillow Home Value Index (ZHVI) for Cambridge is $134,859, representing the typical home value in the area.
How much does a single-family home cost in Cambridge?
The median single-family home price in Cambridge, IL is $149,500 (about $74 per square foot).
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