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Featured local agent — Inverness, IL
Sarah Mitchell
Compass Real Estate · Inverness, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Inverness, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$873,500median sale price
How is the Inverness, IL housing market right now?
The median home sale price in Inverness, IL is $873,500, up 12.7% year-over-year. Homes sell in an average of 43 days with 30 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 Inverness a buyer's or seller's market?
Inverness, IL is currently a balanced market, based on 5.0 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
43
Average pace
Active listings
30
5.0 months supply
Sale-to-list
100.6%
Above asking
What does the Inverness housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $873,500 |
| Median list price | $1.02M |
| Year-over-year price change | +12.7% |
| Average days on market | 43 days |
| Active inventory | 30 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $287/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 16 |
| Listings with a price cut | 3.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Inverness by property type?
How the Inverness, 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 | $800,000 | $302/sq ft | 5 | 36 days |
| Condo / Co-op | $556,000 | $349/sq ft | 1 | 66 days |
| Townhouse | $947,000 | $271/sq ft | 1 | 55 days |
Source: Redfin · Updated monthly
The Inverness housing market is currently classified as a balanced market with a median sale price of $873,500. Prices have risen 12.7% compared to last year, with homes spending an average of 43 days on market, indicating 5.0 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 3.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Inverness
There are currently 30 homes listed for sale in Inverness, Illinois. The median listing price is $1.0M.
Active listings
30
Homes on market
Median list price
$1.0M
Avg. days on market
43
Days until sale
New this week
16
Newly listed
Who lives in Inverness?
Population
7,541
Median income
$215,810/yr
Median age
54.3 years
Owner-occupied
97.9%
College grads
68.8%
Avg commute
27.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Inverness?
Zillow home value
$807,852
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Inverness?
Inverness is a community of approximately 8K residents with a median age of 54.3 years.The median household income is $215,810, which reflects a relatively affluent area with strong earning potential. 68.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 97.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Inverness offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Inverness, IL?
Want a head-to-head view? Compare Inverness side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Inverness?
The median home sale price in Inverness is $873,500, up 12.7% from last year.
How long do homes stay on market in Inverness?
Homes typically spend 43 days on market before going under contract.
What is the median income in Inverness?
The median household income is $215,810 per year.
Is Inverness a buyer's or seller's market?
With 5.0 months of supply, Inverness is currently a balanced market.
What is the Zillow home value estimate for Inverness?
The Zillow Home Value Index (ZHVI) for Inverness is $807,852, representing the typical home value in the area.
What is the median condo price in Inverness?
The median condo/co-op sale price in Inverness, IL is $556,000, compared to $800,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Inverness?
The median single-family home price in Inverness, IL is $800,000 (about $302 per square foot).
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