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Featured local agent — Essex, IL
Sarah Mitchell
Compass Real Estate · Essex, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Essex, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$265,000median sale price
How is the Essex, IL housing market right now?
The median home sale price in Essex, IL is $265,000, up 27.4% year-over-year. Homes sell in an average of 83 days with 2 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Essex a buyer's or seller's market?
Essex, IL is currently a balanced market, based on 1.0 months of supply and homes selling in about 83 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
83
Average pace
Active listings
2
1.0 months supply
Sale-to-list
94.7%
Below asking
What does the Essex housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $265,000 |
| Median list price | $254,950 |
| Year-over-year price change | +27.4% |
| Average days on market | 83 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 94.7% |
| Median price per sq ft | $152/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Essex by property type?
How the Essex, 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 | $265,000 | $152/sq ft | 2 | 83 days |
Source: Redfin · Updated monthly
The Essex housing market is currently classified as a balanced market with a median sale price of $265,000. Prices have risen 27.4% compared to last year, with homes spending an average of 83 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 2.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Essex
There are currently 2 homes listed for sale in Essex, Illinois. The median listing price is $255K.
Active listings
2
Homes on market
Median list price
$255K
Avg. days on market
83
Days until sale
New this week
2
Newly listed
Who lives in Essex?
Population
956
Median income
$101,094/yr
Median age
31.6 years
Owner-occupied
90.7%
College grads
21.8%
Avg commute
30.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Essex?
Zillow home value
$293,234
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Essex?
Essex is a community of approximately 1K residents with a median age of 31.6 years.The median household income is $101,094, which reflects a relatively affluent area with strong earning potential. 21.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 90.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Essex offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Essex, IL?
Want a head-to-head view? Compare Essex side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Essex?
The median home sale price in Essex is $265,000, up 27.4% from last year.
How long do homes stay on market in Essex?
Homes typically spend 83 days on market before going under contract.
What is the median income in Essex?
The median household income is $101,094 per year.
Is Essex a buyer's or seller's market?
With 1.0 months of supply, Essex is currently a balanced market.
What is the Zillow home value estimate for Essex?
The Zillow Home Value Index (ZHVI) for Essex is $293,234, representing the typical home value in the area.
How much does a single-family home cost in Essex?
The median single-family home price in Essex, IL is $265,000 (about $152 per square foot).
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