$140,000
108 W Vine St
Champaign, IL
4 bd4 ba
Multi-family
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Sarah Mitchell
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Compass Real Estate · Champaign, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Champaign, IL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Champaign, IL Housing Market & Real Estate
Seller's market-5.8% YoY
Housing market overview · Updated monthly ·
$244,950median sale price
How is the Champaign, IL housing market right now?
The median home sale price in Champaign, IL is $244,950, down 5.8% year-over-year. Homes sell in an average of 39 days with 260 active listings. The market is currently a seller's 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 Champaign a buyer's or seller's market?
Seller's market2.9 months of supply39 avg. days on market
Champaign, IL is currently a seller's market, based on 2.9 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
90
Last 12 weeks
Days on market
39
Average pace
Active listings
260
2.9 months supply
Sale-to-list
99.9%
Below asking
What does the Champaign housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $244,950 |
| Median list price | $252,450 |
| Year-over-year price change | -5.8% |
| Average days on market | 39 days |
| Active inventory | 260 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $158/sq ft |
| Homes sold (latest month) | 90 |
| New listings (latest month) | 134 |
| Listings with a price cut | 16.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Champaign by property type?
How the Champaign, 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 | $269,900 | $159/sq ft | 73 | 42 days |
| Condo / Co-op | $187,250 | $150/sq ft | 12 | 9 days |
| Townhouse | $235,000 | $160/sq ft | 3 | 37 days |
Source: Redfin · Updated monthly
The Champaign housing market is currently classified as a seller's market with a median sale price of $244,950. Prices have fallen 5.8% compared to last year, with homes spending an average of 39 days on market, indicating 2.9 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 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Champaign
There are currently 260 homes listed for sale in Champaign, Illinois. The median listing price is $252K. Featured listings range from $140,000 to $1,049,000.
$165,000
1902 Garden Hills Dr
Champaign, IL
3 bd1 ba1,073 sqft$154/ft²
House
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$229,900
1404 Bluegrass Ln
Champaign, IL
3 bd3 ba1,370 sqft$168/ft²
Townhouse
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$259,990
1421 Cambridge Dr
Champaign, IL
3 bd2 ba2,047 sqft$127/ft²
House
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$274,900
809 W John St
Champaign, IL
3 bd2 ba1,734 sqft$159/ft²
House8,276 sqft lot
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$285,000
1502 Theodore Dr Unit B
Champaign, IL
2 bd2 ba1,712 sqft$166/ft²
Condo
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$289,000
3207 Stanley Ln
Champaign, IL
3 bd2 ba1,482 sqft$195/ft²
House
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$300,000
Address unavailable
Champaign, IL
3 bd2 ba1,794 sqft$167/ft²
House10,454 sqft lot
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$350,000
Address unavailable
Champaign, IL
3 bd2 ba1,717 sqft$204/ft²
House
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$420,000
701 Hamilton Dr
Champaign, IL
3 bd3 ba2,092 sqft$201/ft²
House16,553 sqft lot
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$449,900
301 N Neil St Apt 608
Champaign, IL
2 bd2 ba1,782 sqft$252/ft²
Condo
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$1,049,000
812 Dodds Dr
Champaign, IL
4 bd4 ba3,686 sqft$285/ft²
House1.53 acres
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Looking to buy in Champaign?
Get connected with a local real estate expert — free, no obligation.
Active listings
260
Homes on market
Median list price
$252K
Avg. days on market
39
Days until sale
New this week
134
Newly listed
Price drops:16.2%of listings
Sale-to-list:99.9%
Who lives in Champaign?
Population
88,822
Median income
$57,544/yr
Median age
27.1 years
Owner-occupied
44.9%
College grads
53.6%
Avg commute
15.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Champaign?
Zillow home value
$241,516
Zillow rent index
$1,410/mo
Price-to-rent ratio
14.3x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Champaign?
Champaign is a community of approximately 89K residents with a median age of 27.1 years.The median household income is $57,544, which represents a working-class community with solid middle-income opportunities. 53.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 44.9%, showing a blend of owner and renter-occupied properties. The average commute time is 15.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Champaign offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Champaign?
22 schools tracked · 9,912 students
The largest public schools serving Champaign, 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.
Central High School
Grades 9-12 · 1,642 students
Centennial High School
Grades 9-12 · 1,473 students
Jefferson Middle School
Grades 6-8 · 711 students
International Prep Academy
Grades PK-8 · 650 students
Edison Middle School
Grades 6-8 · 646 students
Franklin Middle School
Grades 6-8 · 632 students
Bottenfield Elem School
Grades K-5 · 439 students
Robeson Elem School
Grades K-5 · 432 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 Champaign, IL?
Want a head-to-head view? Compare Champaign side-by-side with any other U.S. city using our market-comparison tool.
Is Champaign a good real estate investment market?
For investors evaluating Champaign, the price-to-rent ratio of 14.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 5.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Champaign's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Champaign's median home price.
Frequently asked questions
What is the average home price in Champaign?
The median home sale price in Champaign is $244,950, down 5.8% from last year.
How long do homes stay on market in Champaign?
Homes typically spend 39 days on market before going under contract.
What is the median income in Champaign?
The median household income is $57,544 per year.
Is Champaign a buyer's or seller's market?
With 2.9 months of supply, Champaign is currently a seller's market.
How many homes are for sale in Champaign?
There are currently 260 homes listed for sale in Champaign, IL.
What is the Zillow home value estimate for Champaign?
The Zillow Home Value Index (ZHVI) for Champaign is $241,516, representing the typical home value in the area.
What is the median condo price in Champaign?
The median condo/co-op sale price in Champaign, IL is $187,250, compared to $269,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Champaign?
The median single-family home price in Champaign, IL is $269,900 (about $159 per square foot).
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