$1
220 S Marion St
Central City, IL
2 bd1 ba1,176 sqft$0/ft²
House
View photos & details
Brokers — List your Company Here
Featured local agent — Central City, IL
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Central City, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Central City, IL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Central City, IL Housing Market
Leaning buyer's-5.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through March 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Central City, IL is worth $69,189, fell 5.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $89,200, -46.0% year over year (through May 2026). With homes going under contract in about 78 days, Central City is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $69,189 home is about $369/mo in principal and interest.
Key numbers for Central City, IL
Typical home value
$69,189
-5.6% in 12 months
Zillow, August 2026
Median sale price
$89,200
-46.0% year over year
Redfin, through March 2026
Days on market
78
Slow-moving
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$47,750
Home costs 1.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through March 2026
Zillow figures are as of August 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 Central City a buyer's or seller's market?
Leaning buyer's78 days on market100.0% of asking
Central City, IL is a leaning buyer's and homes selling in about 78 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 Central City housing market data show?
Every row below is Redfin's final published month for Central City, IL. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $89,200 |
| Year-over-year price change | -46.0% |
| Median price per sq ft | $76/sq ft |
| Median days on market | 78 days |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 2 |
| 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 Central City is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Central City 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 Central City home prices moved?
Across the 35 months we hold for Central City, IL, the median sale price rose 123.0%, from $40,000 in June 2021 to $89,200. The live Zillow value series has fell 5.6% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
Get Central City market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Central City?
Priced off the typical home value of $69,189 at the current 7.03% 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% | $13,838 | $55,351 | $369/mo |
| 5% | $3,459 | $65,730 | $439/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 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 $369, that implies roughly $15,830 a year before you add taxes and insurance. The median household in Central City earns $47,750, about $31,920 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 1.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Central City in the next 12 months?
Tell us your timeline. We send the Central City 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 Central City?
Zillow does not publish a rent index (ZORI) for Central City, 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 Central City?
Active listings in Central City, IL went from 2 in April 2024 to 3 in November 2025, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| September 2024 | 3 | 2 |
| October 2024 | 2 | not published |
| December 2024 | 3 | 1 |
| March 2025 | 6 | 3 |
| April 2025 | 3 | 1 |
| May 2025 | 2 | 1 |
| June 2025 | 3 | 1 |
| July 2025 | 3 | 1 |
| August 2025 | 4 | 2 |
| September 2025 | 3 | not published |
| October 2025 | 4 | 3 |
| November 2025 | 3 | not published |
Redfin, through November 2025
How does Central City compare to Illinois and the U.S.?
Central City homes sell for $89,200 — 74% below the Illinois median of $337,900. Against the national median of $410,700, Central City runs 78% lower. Year-over-year, Central City moved -46.0% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Central City, IL | $89,200 | -46.0% | 78 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Central City
What buyers should watch
- The gap between 5% and 20% down here is $69 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $69,189 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 Central City listing goes under contract in 78 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.
- Your equity moved -5.6% 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 Central City varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Central City
Explore homes currently listed for sale in Central City, Illinois across major real estate platforms.
$110,000
303 N Marion St
Central City, IL
3 bd2 ba
Mobile home
View photos & details
$365,400
223 N Broadway St Unit 215
Central City, IL
3 bd1 ba
Multi-family18,731 sqft lot
View photos & details
Looking to buy in Central City?
Get connected with a local real estate expert — free, no obligation.
Sale-to-list:100.0%
How much do homes cost in Central City by property type?
How the Central City, IL market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $89,200 | $76/sq ft | 2 | 78 days |
Who lives in Central City?
American Community Survey estimates for Central City. U.S. Census ACS, 2023
Population
1,123
Households
475
Median income
$47,750/yr
Median age
38.5 years
Owner-occupied
72.4%
Median home value
$43,900
Median gross rent
$888/mo
Mean commute
14.1 min
72.4% of occupied homes in Central City 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 $43,900 against Zillow's $69,189 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Central City, IL?
Ordered by distance from Central City, not by size. Compare Central City side by side with any of them.
Central City housing market FAQ
Is Central City a buyer's or seller's market?
Central City, IL is currently a leaning buyer's 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 Central City?
The typical home in Central City, IL is worth $69,189 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $89,200, about $76 per square foot.
Is Central City cheaper than the rest of Illinois?
Central City's median sale price of $89,200 is 74% lower than the Illinois statewide median of $337,900, and 78% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Central City?
Homes in Central City, IL spent a median of 78 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 Central City?
At the current 30-year fixed rate of 7.03%, 20% down on a $69,189 home is about $369 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $15,830 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $47,750.
Are home prices rising in Central City?
The typical home value in Central City, IL fell 5.6% over the last 12 months, from $73,308 to $69,189 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Central City?
Central City 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 Central City?
That depends on your timeline, not on a headline. What the data says today: Central City, IL is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Central City, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Central City
Nearby markets
Get the Central City market brief
Get the Central City, IL market brief
One email: what homes are actually clearing at around $69,189, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.