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Featured local agent — Lerna, IL
Sarah Mitchell
Compass Real Estate · Lerna, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lerna, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$143,500median sale price
How is the Lerna, IL housing market right now?
The median home sale price in Lerna, IL is $143,500. Homes sell in an average of 96 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lerna a buyer's or seller's market?
Lerna, IL is currently a buyer's market and homes selling in about 96 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
96
Average pace
Active listings
—
Sale-to-list
95.7%
Below asking
What does the Lerna housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $143,500 |
| Average days on market | 96 days |
| Sale-to-list price ratio | 95.7% |
| Median price per sq ft | $60/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lerna by property type?
How the Lerna, 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 | $143,500 | $60/sq ft | 1 | 96 days |
Source: Redfin · Updated monthly
The Lerna housing market is currently classified as a buyer's market with a median sale price of $143,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 96 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lerna
Explore homes currently listed for sale in Lerna, Illinois across major real estate platforms.
Who lives in Lerna?
Population
220
Median income
$48,750/yr
Median age
30.3 years
Owner-occupied
71.4%
College grads
11.2%
Avg commute
20.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lerna?
Zillow home value
$201,101
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Lerna?
Lerna is a community of approximately 0K residents with a median age of 30.3 years.The median household income is $48,750, which represents a working-class community with solid middle-income opportunities. 11.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lerna offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lerna?
1 schools tracked
The largest public schools serving Lerna, 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.
Lerna Bridges
Grades 6-12
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 Lerna, IL?
Want a head-to-head view? Compare Lerna side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lerna?
The median home sale price in Lerna is $143,500, down 0.0% from last year.
How long do homes stay on market in Lerna?
Homes typically spend 96 days on market before going under contract.
What is the median income in Lerna?
The median household income is $48,750 per year.
What is the Zillow home value estimate for Lerna?
The Zillow Home Value Index (ZHVI) for Lerna is $201,101, representing the typical home value in the area.
How much does a single-family home cost in Lerna?
The median single-family home price in Lerna, IL is $143,500 (about $60 per square foot).
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