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Featured local agent — Makanda, IL
Sarah Mitchell
Compass Real Estate · Makanda, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Makanda, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$145,000median sale price
How is the Makanda, IL housing market right now?
The median home sale price in Makanda, IL is $145,000, down 48.2% year-over-year. Homes sell in an average of 63 days with 1 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of September 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Makanda a buyer's or seller's market?
Makanda, IL is currently a balanced market, based on 1.0 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
63
Average pace
Active listings
1
1.0 months supply
Sale-to-list
93.5%
Below asking
What does the Makanda housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $145,000 |
| Median list price | $324,000 |
| Year-over-year price change | -48.2% |
| Average days on market | 63 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 93.5% |
| Median price per sq ft | $133/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 Makanda by property type?
How the Makanda, 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 | $145,000 | $80/sq ft | 1 | 298 days |
| Townhouse | $145,000 | $133/sq ft | 1 | 63 days |
Source: Redfin · Updated monthly
The Makanda housing market is currently classified as a balanced market with a median sale price of $145,000. Prices have fallen 48.2% compared to last year, with homes spending an average of 63 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.The price-to-income ratio of 2.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Makanda
There are currently 1 homes listed for sale in Makanda, Illinois. The median listing price is $324K.
Active listings
1
Homes on market
Median list price
$324K
Avg. days on market
63
Days until sale
New this week
1
Newly listed
Who lives in Makanda?
Population
550
Median income
$72,083/yr
Median age
50.7 years
Owner-occupied
79.0%
College grads
60.8%
Avg commute
27.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Makanda?
Zillow home value
$195,542
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Makanda?
Makanda is a community of approximately 1K residents with a median age of 50.7 years.The median household income is $72,083, which represents a working-class community with solid middle-income opportunities. 60.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Makanda offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Makanda, IL?
Want a head-to-head view? Compare Makanda side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Makanda?
The median home sale price in Makanda is $145,000, down 48.2% from last year.
How long do homes stay on market in Makanda?
Homes typically spend 63 days on market before going under contract.
What is the median income in Makanda?
The median household income is $72,083 per year.
Is Makanda a buyer's or seller's market?
With 1.0 months of supply, Makanda is currently a balanced market.
What is the Zillow home value estimate for Makanda?
The Zillow Home Value Index (ZHVI) for Makanda is $195,542, representing the typical home value in the area.
How much does a single-family home cost in Makanda?
The median single-family home price in Makanda, IL is $145,000 (about $80 per square foot).
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