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Featured local agent — Mahomet, IL
Sarah Mitchell
Compass Real Estate · Mahomet, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mahomet, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$336,500median sale price
How is the Mahomet, IL housing market right now?
The median home sale price in Mahomet, IL is $336,500, down 7.3% year-over-year. Homes sell in an average of 43 days with 66 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 Mahomet a buyer's or seller's market?
Mahomet, IL is currently a leaning buyer's, based on 6.0 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
43
Average pace
Active listings
66
6.0 months supply
Sale-to-list
99.1%
Below asking
What does the Mahomet housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $336,500 |
| Median list price | $350,000 |
| Year-over-year price change | -7.3% |
| Average days on market | 43 days |
| Active inventory | 66 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $203/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 25 |
| Listings with a price cut | 28.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Mahomet by property type?
How the Mahomet, 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 | $385,000 | $203/sq ft | 9 | 43 days |
| Condo / Co-op | $269,900 | $208/sq ft | 1 | 66 days |
| Townhouse | $336,500 | $179/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The Mahomet housing market is currently classified as a leaning buyer's with a median sale price of $336,500. Prices have fallen 7.3% compared to last year, with homes spending an average of 43 days on market, indicating 6.0 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 3.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Mahomet
There are currently 66 homes listed for sale in Mahomet, Illinois. The median listing price is $350K.
Active listings
66
Homes on market
Median list price
$350K
Avg. days on market
43
Days until sale
New this week
25
Newly listed
Who lives in Mahomet?
Population
9,755
Median income
$114,904/yr
Median age
36.5 years
Owner-occupied
80.6%
College grads
52.8%
Avg commute
20.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Mahomet?
Zillow home value
$348,600
Zillow rent index
$1,906/mo
Price-to-rent ratio
15.2x
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Mahomet?
Mahomet is a community of approximately 10K residents with a median age of 36.5 years.The median household income is $114,904, which reflects a relatively affluent area with strong earning potential. 52.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mahomet offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mahomet?
4 schools tracked · 3,411 students
The largest public schools serving Mahomet, 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.
Mahomet-Seymour High School
Grades 9-12 · 1,014 students
Middletown Prairie Elementary
Grades PK-2 · 818 students
Mahomet-Seymour Jr High School
Grades 6-8 · 790 students
Lincoln Trail Elem School
Grades 3-5 · 789 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 Mahomet, IL?
Want a head-to-head view? Compare Mahomet side-by-side with any other U.S. city using our market-comparison tool.
Is Mahomet a good real estate investment market?
For investors evaluating Mahomet, the price-to-rent ratio of 15.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Mahomet's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Mahomet's median home price.
Frequently asked questions
What is the average home price in Mahomet?
The median home sale price in Mahomet is $336,500, down 7.3% from last year.
How long do homes stay on market in Mahomet?
Homes typically spend 43 days on market before going under contract.
What is the median income in Mahomet?
The median household income is $114,904 per year.
Is Mahomet a buyer's or seller's market?
With 6.0 months of supply, Mahomet is currently a leaning buyer's.
What is the Zillow home value estimate for Mahomet?
The Zillow Home Value Index (ZHVI) for Mahomet is $348,600, representing the typical home value in the area.
What is the median condo price in Mahomet?
The median condo/co-op sale price in Mahomet, IL is $269,900, compared to $385,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mahomet?
The median single-family home price in Mahomet, IL is $385,000 (about $203 per square foot).
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