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Featured local agent — Coal City, IL
Sarah Mitchell
Compass Real Estate · Coal City, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Coal City, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$320,500median sale price
How is the Coal City, IL housing market right now?
The median home sale price in Coal City, IL is $320,500, down 5.9% year-over-year. Homes sell in an average of 58 days with 18 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 Coal City a buyer's or seller's market?
Coal City, IL is currently a balanced market, based on 2.3 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
58
Average pace
Active listings
18
2.3 months supply
Sale-to-list
99.1%
Below asking
What does the Coal City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $320,500 |
| Median list price | $315,950 |
| Year-over-year price change | -5.9% |
| Average days on market | 58 days |
| Active inventory | 18 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $191/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 8 |
| Listings with a price cut | 11.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Coal City by property type?
How the Coal City, 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 | $320,500 | $191/sq ft | 8 | 58 days |
| Condo / Co-op | $239,000 | $168/sq ft | 1 | — |
| Townhouse | $285,000 | $150/sq ft | 1 | 71 days |
Source: Redfin · Updated monthly
The Coal City housing market is currently classified as a balanced market with a median sale price of $320,500. Prices have fallen 5.9% compared to last year, with homes spending an average of 58 days on market, indicating 2.3 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Coal City
There are currently 18 homes listed for sale in Coal City, Illinois. The median listing price is $316K.
Active listings
18
Homes on market
Median list price
$316K
Avg. days on market
58
Days until sale
New this week
8
Newly listed
Who lives in Coal City?
Population
5,145
Median income
$73,030/yr
Median age
42.3 years
Owner-occupied
80.7%
College grads
24.9%
Avg commute
27.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Coal City?
Zillow home value
$272,039
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Coal City?
Coal City is a community of approximately 5K residents with a median age of 42.3 years.The median household income is $73,030, which represents a working-class community with solid middle-income opportunities. 24.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Coal City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Coal City?
5 schools tracked · 2,134 students
The largest public schools serving Coal City, 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.
Coal City High School
Grades 9-12 · 638 students
Coal City Middle School
Grades 6-8 · 491 students
Coal City Early Childhood Center
Grades PK-1 · 436 students
Coal City Elem School
Grades 2-3 · 299 students
Coal City Intermediate School
Grades 4-5 · 270 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 Coal City, IL?
Want a head-to-head view? Compare Coal City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Coal City?
The median home sale price in Coal City is $320,500, down 5.9% from last year.
How long do homes stay on market in Coal City?
Homes typically spend 58 days on market before going under contract.
What is the median income in Coal City?
The median household income is $73,030 per year.
Is Coal City a buyer's or seller's market?
With 2.3 months of supply, Coal City is currently a balanced market.
What is the Zillow home value estimate for Coal City?
The Zillow Home Value Index (ZHVI) for Coal City is $272,039, representing the typical home value in the area.
What is the median condo price in Coal City?
The median condo/co-op sale price in Coal City, IL is $239,000, compared to $320,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Coal City?
The median single-family home price in Coal City, IL is $320,500 (about $191 per square foot).
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