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Featured local agent — Gorham, IL
Sarah Mitchell
Compass Real Estate · Gorham, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gorham, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$35,000median sale price
How is the Gorham, IL housing market right now?
The median home sale price in Gorham, IL is $35,000. Homes sell in an average of 237 days with 1 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 Gorham a buyer's or seller's market?
Gorham, IL is currently a balanced market, based on 1.0 months of supply and homes selling in about 237 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
237
Average pace
Active listings
1
1.0 months supply
Sale-to-list
77.8%
Below asking
What does the Gorham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $35,000 |
| Average days on market | 237 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 77.8% |
| Median price per sq ft | $18/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Gorham by property type?
How the Gorham, 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 | $18/sq ft | 1 | 237 days |
Source: Redfin · Updated monthly
The Gorham housing market is currently classified as a balanced market with a median sale price of $35,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 237 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.
Homes for sale in Gorham
There are currently 1 homes listed for sale in Gorham, Illinois.
Active listings
1
Homes on market
Avg. days on market
237
Days until sale
Who lives in Gorham?
Population
186
Median income
$42,083/yr
Median age
45.8 years
Owner-occupied
79.3%
College grads
7.4%
Avg commute
36.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Gorham?
Gorham is a community of approximately 0K residents with a median age of 45.8 years.The median household income is $42,083, which represents a working-class community with solid middle-income opportunities. 7.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 36.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Gorham offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Gorham, IL?
Want a head-to-head view? Compare Gorham side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gorham?
The median home sale price in Gorham is $35,000, down 0.0% from last year.
How long do homes stay on market in Gorham?
Homes typically spend 237 days on market before going under contract.
What is the median income in Gorham?
The median household income is $42,083 per year.
Is Gorham a buyer's or seller's market?
With 1.0 months of supply, Gorham is currently a balanced market.
How much does a single-family home cost in Gorham?
The median single-family home price in Gorham, IL is $35,000 (about $18 per square foot).
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