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Featured local agent — Mitchell, IL
Sarah Mitchell
Compass Real Estate · Mitchell, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mitchell, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$55,250median sale price
How is the Mitchell, IL housing market right now?
The median home sale price in Mitchell, IL is $55,250. Homes sell in an average of 65 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mitchell a buyer's or seller's market?
Mitchell, IL is currently a buyer's market and homes selling in about 65 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
65
Average pace
Active listings
—
Sale-to-list
89.1%
Below asking
What does the Mitchell housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $55,250 |
| Average days on market | 65 days |
| Sale-to-list price ratio | 89.1% |
| Median price per sq ft | $59/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Mitchell by property type?
How the Mitchell, 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 | $55,250 | $59/sq ft | 2 | 65 days |
Source: Redfin · Updated monthly
The Mitchell housing market is currently classified as a buyer's market with a median sale price of $55,250. Prices have fallen 0.0% compared to last year, with homes spending an average of 65 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Mitchell
Explore homes currently listed for sale in Mitchell, Illinois across major real estate platforms.
Who lives in Mitchell?
Population
847
Median income
$55,313/yr
Median age
50 years
Owner-occupied
98.8%
College grads
5.7%
Avg commute
28.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Mitchell?
Mitchell is a community of approximately 1K residents with a median age of 50 years.The median household income is $55,313, which represents a working-class community with solid middle-income opportunities. 5.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 98.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mitchell offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Mitchell, IL?
Want a head-to-head view? Compare Mitchell side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mitchell?
The median home sale price in Mitchell is $55,250, down 0.0% from last year.
How long do homes stay on market in Mitchell?
Homes typically spend 65 days on market before going under contract.
What is the median income in Mitchell?
The median household income is $55,313 per year.
How much does a single-family home cost in Mitchell?
The median single-family home price in Mitchell, IL is $55,250 (about $59 per square foot).
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