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Featured local agent — O'Fallon, IL
Sarah Mitchell
Compass Real Estate · O'Fallon, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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O'Fallon, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$356,000median sale price
How is the O'Fallon, IL housing market right now?
The median home sale price in O'Fallon, IL is $356,000, up 7.9% year-over-year. Homes sell in an average of 54 days with 89 active listings. The market is currently a balanced 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 O'Fallon a buyer's or seller's market?
O'Fallon, IL is currently a balanced market, based on 3.7 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
54
Average pace
Active listings
89
3.7 months supply
Sale-to-list
99.7%
Below asking
What does the O'Fallon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $356,000 |
| Median list price | $382,500 |
| Year-over-year price change | +7.9% |
| Average days on market | 54 days |
| Active inventory | 89 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $145/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 52 |
| Listings with a price cut | 12.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The O'Fallon housing market is currently classified as a balanced market with a median sale price of $356,000. Prices have risen 7.9% compared to last year, with homes spending an average of 54 days on market, indicating 3.7 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 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in O'Fallon
There are currently 89 homes listed for sale in O'Fallon, Illinois. The median listing price is $383K.
Active listings
89
Homes on market
Median list price
$383K
Avg. days on market
54
Days until sale
New this week
52
Newly listed
Who lives in O'Fallon?
Population
32,139
Median income
$102,793/yr
Median age
36.9 years
Owner-occupied
70.9%
College grads
51.3%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in O'Fallon?
Zillow home value
$319,631
Zillow rent index
$1,599/mo
Price-to-rent ratio
16.7x
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in O'Fallon?
O'Fallon is a community of approximately 32K residents with a median age of 36.9 years.The median household income is $102,793, which reflects a relatively affluent area with strong earning potential. 51.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, O'Fallon offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near O'Fallon, IL?
Want a head-to-head view? Compare O'Fallon side-by-side with any other U.S. city using our market-comparison tool.
Is O'Fallon a good real estate investment market?
For investors evaluating O'Fallon, the price-to-rent ratio of 16.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on O'Fallon's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using O'Fallon's median home price.
Frequently asked questions
What is the average home price in O'Fallon?
The median home sale price in O'Fallon is $356,000, up 7.9% from last year.
How long do homes stay on market in O'Fallon?
Homes typically spend 54 days on market before going under contract.
What is the median income in O'Fallon?
The median household income is $102,793 per year.
Is O'Fallon a buyer's or seller's market?
With 3.7 months of supply, O'Fallon is currently a balanced market.
What is the Zillow home value estimate for O'Fallon?
The Zillow Home Value Index (ZHVI) for O'Fallon is $319,631, representing the typical home value in the area.
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