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Featured local agent — Colona, IL
Sarah Mitchell
Compass Real Estate · Colona, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Colona, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$234,000median sale price
How is the Colona, IL housing market right now?
The median home sale price in Colona, IL is $234,000, up 17.0% year-over-year. Homes sell in an average of 41 days with 5 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 Colona a buyer's or seller's market?
Colona, IL is currently a seller's market, based on 1.7 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
41
Average pace
Active listings
5
1.7 months supply
Sale-to-list
100.0%
Below asking
What does the Colona housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $234,000 |
| Median list price | $137,450 |
| Year-over-year price change | +17.0% |
| Average days on market | 41 days |
| Active inventory | 5 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $102/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 6 |
| Listings with a price cut | 40.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Colona by property type?
How the Colona, 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 | $234,000 | $102/sq ft | 3 | 41 days |
| Townhouse | $229,000 | $86/sq ft | 1 | 115 days |
Source: Redfin · Updated monthly
The Colona housing market is currently classified as a seller's market with a median sale price of $234,000. Prices have risen 17.0% compared to last year, with homes spending an average of 41 days on market, indicating 1.7 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 2.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Colona
There are currently 5 homes listed for sale in Colona, Illinois. The median listing price is $137K.
Active listings
5
Homes on market
Median list price
$137K
Avg. days on market
41
Days until sale
New this week
6
Newly listed
Who lives in Colona?
Population
5,189
Median income
$76,558/yr
Median age
40.8 years
Owner-occupied
83.1%
College grads
17.6%
Avg commute
24.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Colona?
Zillow home value
$186,473
Price-to-income
2.4x
Source: Zillow Research
What is it like to live in Colona?
Colona is a community of approximately 5K residents with a median age of 40.8 years.The median household income is $76,558, which reflects a relatively affluent area with strong earning potential. 17.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Colona offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Colona?
1 schools tracked · 385 students
The largest public schools serving Colona, 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.
Colona Grade School
Grades PK-8 · 385 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 Colona, IL?
Want a head-to-head view? Compare Colona side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Colona?
The median home sale price in Colona is $234,000, up 17.0% from last year.
How long do homes stay on market in Colona?
Homes typically spend 41 days on market before going under contract.
What is the median income in Colona?
The median household income is $76,558 per year.
Is Colona a buyer's or seller's market?
With 1.7 months of supply, Colona is currently a seller's market.
What is the Zillow home value estimate for Colona?
The Zillow Home Value Index (ZHVI) for Colona is $186,473, representing the typical home value in the area.
How much does a single-family home cost in Colona?
The median single-family home price in Colona, IL is $234,000 (about $102 per square foot).
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