$9,800
319 N 83rd St
Centreville, IL
Land7,841 sqft lot
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Compass Real Estate · Centreville, IL
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Centreville, IL(512) 555-0184TX License #0512847
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Centreville, IL Housing Market
Leaning buyer's+8.8% YoY
Zillow, May 2026 · Update overdueRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Centreville, IL is worth $48,054, rose 8.8% over the past year (Zillow Home Value Index, May 2026). The last median sale price Redfin published was $40,833, +33.9% year over year (through May 2026). With 7.0 months of supply and homes going under contract in about 8 days, Centreville is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $48,054 home is about $257/mo in principal and interest.
Key numbers for Centreville, IL
Typical home value
$48,054
+8.8% in 12 months
Zillow, May 2026
Median sale price
$40,833
+33.9% year over year
Redfin, through May 2026
Days on market
8
Fast-moving
Redfin, through May 2026
Active listings
7
7.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
85.1%
Selling below asking
Redfin, through May 2026
Zillow figures are as of May 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 Centreville a buyer's or seller's market?
Leaning buyer's7.0 months of supply8 days on market85.1% of asking
Centreville, IL is a leaning buyer's, based on 7.0 months of supply and homes selling in about 8 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Centreville housing market data show?
Every row below is Redfin's final published month for Centreville, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $40,833 |
| Median list price | $45,000 |
| Year-over-year price change | +33.9% |
| Median price per sq ft | $43/sq ft |
| Median days on market | 8 days |
| Active inventory | 7 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 85.1% |
| Homes sold (that month) | 1 |
| New listings (that month) | 3 |
| Listings with a price cut | 14.3% |
| 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 Centreville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Centreville 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 Centreville home prices moved?
Over the last three years the median sale price in Centreville, IL fell 40.4%, from $68,500 to $40,833. The live Zillow value series has rose 8.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.3% of Centreville listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 7.0 months while the sale-to-list ratio slips below its current 85.1%. 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 Centreville?
Priced off the typical home value of $48,054 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% | $9,611 | $38,443 | $257/mo |
| 5% | $2,403 | $45,651 | $305/mo |
Zillow, May 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 $257, that implies roughly $10,994 a year before you add taxes and insurance. We do not hold a Census income figure for Centreville, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Centreville in the next 12 months?
Tell us your timeline. We send the Centreville 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 Centreville?
Zillow does not publish a rent index (ZORI) for Centreville, 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 Centreville?
Active listings in Centreville, IL went from 2 in January 2024 to 7 in May 2026, a +250.0% 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 |
|---|---|---|
| April 2024 | 5 | not published |
| May 2024 | 5 | 2 |
| June 2024 | 1 | not published |
| July 2024 | 2 | 1 |
| May 2025 | 1 | 2 |
| September 2025 | 3 | 3 |
| October 2025 | 2 | not published |
| November 2025 | 4 | 3 |
| January 2026 | 5 | 1 |
| March 2026 | 5 | 2 |
| April 2026 | 5 | 1 |
| May 2026 | 7 | 3 |
Redfin, through May 2026
How does Centreville compare to Illinois and the U.S.?
Centreville homes sell for $40,833 — 88% below the Illinois median of $337,900. Against the national median of $410,700, Centreville runs 90% lower. Year-over-year, Centreville moved +33.9% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Centreville, IL | $40,833 | +33.9% | 8 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 Centreville
What buyers should watch
- Months of supply, currently 7.0. 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 14.3%. 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 $48 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 $48,054 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 Centreville listing goes under contract in 8 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 85.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Centreville added 3 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +8.8% 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 Centreville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Centreville
There are currently 7 homes listed for sale in Centreville, Illinois. The median listing price is $45K. Featured listings range from $9,800 to $179,900.
$11,000
6101 Laura Ave
Centreville, IL
Land21,344 sqft lot
View photos & details
$12,000
505 Franklin St
Centreville, IL
3 bd1 ba1,400 sqft$9/ft²
House15,246 sqft lot
View photos & details
$12,900
4014 Piggott Ave
Centreville, IL
3 bd2 ba1,040 sqft$12/ft²
House2,614 sqft lot
View photos & details
$17,900
449 S 40th St
Centreville, IL
2 bd2 ba728 sqft$25/ft²
House6,098 sqft lot
View photos & details
$17,900
420 S 40th St
Centreville, IL
2 bd1 ba800 sqft$22/ft²
Mobile home3,049 sqft lot
View photos & details
$29,999
7013 Edna St
Centreville, IL
3 bd1 ba864 sqft$35/ft²
House
View photos & details
$35,000
462 N 83rd St
Centreville, IL
2 bd1 ba864 sqft$41/ft²
House6,534 sqft lot
View photos & details
$95,000
4912 Piggott Ave
Centreville, IL
3 bd2 ba925 sqft$103/ft²
House8,276 sqft lot
View photos & details
$179,900
604 West Ave
Centreville, IL
4 bd2 ba1,368 sqft$132/ft²
House6,534 sqft lot
View photos & details
Looking to buy in Centreville?
Get connected with a local real estate expert — free, no obligation.
Active listings
7
Homes on market
Median list price
$45K
Avg. days on market
8
Days until sale
New this week
3
Newly listed
Price drops:14.3%of listings
Sale-to-list:85.1%
How much do homes cost in Centreville by property type?
How the Centreville, 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 | $40,833 | $43/sq ft | 1 | 8 days |
Which public schools serve Centreville?
1 schools tracked · 266 students
The largest public schools serving Centreville, 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.
Lalumier Elem School
Grades PK-3 · 266 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 Centreville, IL?
Ordered by distance from Centreville, not by size. Compare Centreville side by side with any of them.
Centreville housing market FAQ
Is Centreville a buyer's or seller's market?
Centreville, IL is currently a leaning buyer's. That read comes from 7.0 months of supply, homes going under contract in about 8 days, and sellers getting 85.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Centreville?
The typical home in Centreville, IL is worth $48,054 (Zillow Home Value Index, May 2026). The median sale price in the last month Redfin published was $40,833, about $43 per square foot.
Is Centreville cheaper than the rest of Illinois?
Centreville's median sale price of $40,833 is 88% lower than the Illinois statewide median of $337,900, and 90% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Centreville?
Homes in Centreville, IL spent a median of 8 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 Centreville?
At the current 30-year fixed rate of 7.03%, 20% down on a $48,054 home is about $257 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $10,994 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Centreville?
The typical home value in Centreville, IL rose 8.8% over the last 12 months, from $44,175 to $48,054 (Zillow, May 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Centreville?
Centreville 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 Centreville?
That depends on your timeline, not on a headline. What the data says today: Centreville, IL is a leaning buyer's with 7.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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