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Featured local agent — Hamel, IL
Sarah Mitchell
Compass Real Estate · Hamel, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hamel, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$318,000median sale price
How is the Hamel, IL housing market right now?
The median home sale price in Hamel, IL is $318,000. Homes sell in an average of 89 days with 2 active listings. The market is currently a balanced 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 Hamel a buyer's or seller's market?
Hamel, IL is currently a balanced market, based on 2.0 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
89
Average pace
Active listings
2
2.0 months supply
Sale-to-list
97.9%
Below asking
What does the Hamel housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $318,000 |
| Median list price | $309,900 |
| Average days on market | 89 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 97.9% |
| Median price per sq ft | $159/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hamel by property type?
How the Hamel, 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 | $318,000 | $159/sq ft | 1 | 89 days |
Source: Redfin · Updated monthly
The Hamel housing market is currently classified as a balanced market with a median sale price of $318,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 89 days on market, indicating 2.0 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 2.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Hamel
There are currently 2 homes listed for sale in Hamel, Illinois. The median listing price is $310K.
Active listings
2
Homes on market
Median list price
$310K
Avg. days on market
89
Days until sale
New this week
1
Newly listed
Who lives in Hamel?
Population
1,004
Median income
$105,313/yr
Median age
34 years
Owner-occupied
79.3%
College grads
38.4%
Avg commute
25.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Hamel?
Zillow home value
$278,886
Price-to-income
2.6x
Source: Zillow Research
What is it like to live in Hamel?
Hamel is a community of approximately 1K residents with a median age of 34 years.The median household income is $105,313, which reflects a relatively affluent area with strong earning potential. 38.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hamel offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hamel?
1 schools tracked · 123 students
The largest public schools serving Hamel, 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.
Hamel Elementary School
Grades PK-2 · 123 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 Hamel, IL?
Want a head-to-head view? Compare Hamel side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hamel?
The median home sale price in Hamel is $318,000, down 0.0% from last year.
How long do homes stay on market in Hamel?
Homes typically spend 89 days on market before going under contract.
What is the median income in Hamel?
The median household income is $105,313 per year.
Is Hamel a buyer's or seller's market?
With 2.0 months of supply, Hamel is currently a balanced market.
What is the Zillow home value estimate for Hamel?
The Zillow Home Value Index (ZHVI) for Hamel is $278,886, representing the typical home value in the area.
How much does a single-family home cost in Hamel?
The median single-family home price in Hamel, IL is $318,000 (about $159 per square foot).
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