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Featured local agent — Gillespie, IL
Sarah Mitchell
Compass Real Estate · Gillespie, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gillespie, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$141,000median sale price
How is the Gillespie, IL housing market right now?
The median home sale price in Gillespie, IL is $141,000, down 1.7% year-over-year. Homes sell in an average of 104 days with 9 active listings. The market is currently a leaning buyer's. (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 Gillespie a buyer's or seller's market?
Gillespie, IL is currently a leaning buyer's, based on 4.5 months of supply and homes selling in about 104 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
104
Average pace
Active listings
9
4.5 months supply
Sale-to-list
96.2%
Below asking
What does the Gillespie housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $141,000 |
| Median list price | $150,000 |
| Year-over-year price change | -1.7% |
| Average days on market | 104 days |
| Active inventory | 9 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 96.2% |
| Median price per sq ft | $102/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 11.1% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Gillespie by property type?
How the Gillespie, 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 | $141,000 | $102/sq ft | 2 | 104 days |
Source: Redfin · Updated monthly
The Gillespie housing market is currently classified as a leaning buyer's with a median sale price of $141,000. Prices have fallen 1.7% compared to last year, with homes spending an average of 104 days on market, indicating 4.5 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 1.3x provides context for how home values compare to local earning capacity.
Homes for sale in Gillespie
There are currently 9 homes listed for sale in Gillespie, Illinois. The median listing price is $150K.
Active listings
9
Homes on market
Median list price
$150K
Avg. days on market
104
Days until sale
New this week
4
Newly listed
Who lives in Gillespie?
Population
3,118
Median income
$76,806/yr
Median age
44.7 years
Owner-occupied
65.2%
College grads
18.6%
Avg commute
30.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Gillespie?
Zillow home value
$102,557
Price-to-income
1.3x
Source: Zillow Research
What is it like to live in Gillespie?
Gillespie is a community of approximately 3K residents with a median age of 44.7 years.The median household income is $76,806, which reflects a relatively affluent area with strong earning potential. 18.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Gillespie offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gillespie?
3 schools tracked · 1,139 students
The largest public schools serving Gillespie, 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.
Ben-Gil Elementary School
Grades PK-5 · 547 students
Gillespie High School
Grades 9-12 · 330 students
Gillespie Middle School
Grades 6-8 · 262 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 Gillespie, IL?
Want a head-to-head view? Compare Gillespie side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gillespie?
The median home sale price in Gillespie is $141,000, down 1.7% from last year.
How long do homes stay on market in Gillespie?
Homes typically spend 104 days on market before going under contract.
What is the median income in Gillespie?
The median household income is $76,806 per year.
Is Gillespie a buyer's or seller's market?
With 4.5 months of supply, Gillespie is currently a leaning buyer's.
What is the Zillow home value estimate for Gillespie?
The Zillow Home Value Index (ZHVI) for Gillespie is $102,557, representing the typical home value in the area.
How much does a single-family home cost in Gillespie?
The median single-family home price in Gillespie, IL is $141,000 (about $102 per square foot).
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