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Featured local agent — Mattoon, IL
Sarah Mitchell
Compass Real Estate · Mattoon, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mattoon, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$150,000median sale price
How is the Mattoon, IL housing market right now?
The median home sale price in Mattoon, IL is $150,000, up 11.1% year-over-year. Homes sell in an average of 23 days with 23 active listings. The market is currently a strong seller's 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 Mattoon a buyer's or seller's market?
Mattoon, IL is currently a strong seller's market, based on 1.2 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
23
Average pace
Active listings
23
1.2 months supply
Sale-to-list
100.2%
Above asking
What does the Mattoon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $150,000 |
| Median list price | $145,900 |
| Year-over-year price change | +11.1% |
| Average days on market | 23 days |
| Active inventory | 23 listings |
| Months of supply | 1.2 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $99/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 23 |
| Listings with a price cut | 21.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mattoon by property type?
How the Mattoon, 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 | $142,500 | $104/sq ft | 18 | 24 days |
| Condo / Co-op | $77,500 | $95/sq ft | 2 | 18 days |
| Townhouse | $275,000 | $140/sq ft | 1 | 49 days |
Source: Redfin · Updated monthly
The Mattoon housing market is currently classified as a strong seller's market with a median sale price of $150,000. Prices have risen 11.1% compared to last year, with homes spending an average of 23 days on market, indicating 1.2 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 Mattoon
There are currently 23 homes listed for sale in Mattoon, Illinois. The median listing price is $146K.
Active listings
23
Homes on market
Median list price
$146K
Avg. days on market
23
Days until sale
New this week
23
Newly listed
Who lives in Mattoon?
Population
16,334
Median income
$47,308/yr
Median age
42.6 years
Owner-occupied
56.0%
College grads
19.5%
Avg commute
18.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Mattoon?
Zillow home value
$127,887
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Mattoon?
Mattoon is a community of approximately 16K residents with a median age of 42.6 years.The median household income is $47,308, which represents a working-class community with solid middle-income opportunities. 19.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.0%, showing a blend of owner and renter-occupied properties. The average commute time is 18.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mattoon offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mattoon?
9 schools tracked · 3,075 students
The largest public schools serving Mattoon, 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.
Mattoon High School
Grades 9-12 · 952 students
Arland D Williams Jr Elem Sch
Grades K-5 · 716 students
Mattoon Middle School
Grades 6-8 · 621 students
Riddle Elementary School
Grades K-5 · 569 students
Franklin Elementary School
Grades PK · 217 students
LIFT
Grades 11-12
Adult LIFE Academy
Grade range n/a
Eastern IL EFE System
Grades 9-12
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 Mattoon, IL?
Want a head-to-head view? Compare Mattoon side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mattoon?
The median home sale price in Mattoon is $150,000, up 11.1% from last year.
How long do homes stay on market in Mattoon?
Homes typically spend 23 days on market before going under contract.
What is the median income in Mattoon?
The median household income is $47,308 per year.
Is Mattoon a buyer's or seller's market?
With 1.2 months of supply, Mattoon is currently a strong seller's market.
What is the Zillow home value estimate for Mattoon?
The Zillow Home Value Index (ZHVI) for Mattoon is $127,887, representing the typical home value in the area.
What is the median condo price in Mattoon?
The median condo/co-op sale price in Mattoon, IL is $77,500, compared to $142,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mattoon?
The median single-family home price in Mattoon, IL is $142,500 (about $104 per square foot).
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