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Featured local agent — Colchester, IL
Sarah Mitchell
Compass Real Estate · Colchester, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Colchester, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$35,000median sale price
How is the Colchester, IL housing market right now?
The median home sale price in Colchester, IL is $35,000. Homes sell in an average of 40 days with 1 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 Colchester a buyer's or seller's market?
Colchester, IL is currently a seller's market, based on 1.0 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
40
Average pace
Active listings
1
1.0 months supply
Sale-to-list
70.7%
Below asking
What does the Colchester housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $35,000 |
| Average days on market | 40 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 70.7% |
| Median price per sq ft | $56/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Colchester by property type?
How the Colchester, 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 | $35,000 | $56/sq ft | 1 | 40 days |
Source: Redfin · Updated monthly
The Colchester housing market is currently classified as a seller's market with a median sale price of $35,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 40 days on market, indicating 1.0 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 1.6x provides context for how home values compare to local earning capacity.
Homes for sale in Colchester
There are currently 1 homes listed for sale in Colchester, Illinois.
Active listings
1
Homes on market
Avg. days on market
40
Days until sale
Who lives in Colchester?
Population
1,057
Median income
$62,500/yr
Median age
40.6 years
Owner-occupied
73.6%
College grads
18.7%
Avg commute
16 min
Source: U.S. Census Bureau ACS
What are homes worth in Colchester?
Zillow home value
$99,321
Price-to-income
1.6x
Source: Zillow Research
What is it like to live in Colchester?
Colchester is a community of approximately 1K residents with a median age of 40.6 years.The median household income is $62,500, which represents a working-class community with solid middle-income opportunities. 18.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 16 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Colchester offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Colchester?
4 schools tracked · 436 students
The largest public schools serving Colchester, 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.
West Prairie South Elementary Sch
Grades PK-6 · 178 students
West Prairie Senior High School
Grades 9-12 · 164 students
West Prairie Junior High School
Grades 7-8 · 94 students
WCISEC MD
Grade range n/a
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 Colchester, IL?
Want a head-to-head view? Compare Colchester side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Colchester?
The median home sale price in Colchester is $35,000, down 0.0% from last year.
How long do homes stay on market in Colchester?
Homes typically spend 40 days on market before going under contract.
What is the median income in Colchester?
The median household income is $62,500 per year.
Is Colchester a buyer's or seller's market?
With 1.0 months of supply, Colchester is currently a seller's market.
What is the Zillow home value estimate for Colchester?
The Zillow Home Value Index (ZHVI) for Colchester is $99,321, representing the typical home value in the area.
How much does a single-family home cost in Colchester?
The median single-family home price in Colchester, IL is $35,000 (about $56 per square foot).
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