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Featured local agent — Patoka, IL
Sarah Mitchell
Compass Real Estate · Patoka, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Patoka, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$129,000median sale price
How is the Patoka, IL housing market right now?
The median home sale price in Patoka, IL is $129,000. Homes sell in an average of 66 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of December 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Patoka a buyer's or seller's market?
Patoka, IL is currently a seller's market, based on 1.0 months of supply and homes selling in about 66 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
66
Average pace
Active listings
1
1.0 months supply
Sale-to-list
99.2%
Below asking
What does the Patoka housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $129,000 |
| Median list price | $60,000 |
| Average days on market | 66 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $110/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Patoka by property type?
How the Patoka, 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 | $129,000 | $110/sq ft | 1 | 66 days |
| Townhouse | $128,000 | $64/sq ft | 1 | 79 days |
Source: Redfin · Updated monthly
The Patoka housing market is currently classified as a seller's market with a median sale price of $129,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 66 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 2.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Patoka
There are currently 1 homes listed for sale in Patoka, Illinois. The median listing price is $60K.
Active listings
1
Homes on market
Median list price
$60K
Avg. days on market
66
Days until sale
New this week
1
Newly listed
Who lives in Patoka?
Population
544
Median income
$62,344/yr
Median age
38.1 years
Owner-occupied
82.5%
College grads
14.1%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Patoka?
Zillow home value
$125,375
Price-to-income
2.0x
Source: Zillow Research
What is it like to live in Patoka?
Patoka is a community of approximately 1K residents with a median age of 38.1 years.The median household income is $62,344, which represents a working-class community with solid middle-income opportunities. 14.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Patoka offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Patoka?
3 schools tracked · 225 students
The largest public schools serving Patoka, 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.
Patoka Elem School
Grades PK-5 · 112 students
Patoka Sr High School
Grades 9-12 · 68 students
Patoka Jr High School
Grades 6-8 · 45 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 Patoka, IL?
Want a head-to-head view? Compare Patoka side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Patoka?
The median home sale price in Patoka is $129,000, down 0.0% from last year.
How long do homes stay on market in Patoka?
Homes typically spend 66 days on market before going under contract.
What is the median income in Patoka?
The median household income is $62,344 per year.
Is Patoka a buyer's or seller's market?
With 1.0 months of supply, Patoka is currently a seller's market.
What is the Zillow home value estimate for Patoka?
The Zillow Home Value Index (ZHVI) for Patoka is $125,375, representing the typical home value in the area.
How much does a single-family home cost in Patoka?
The median single-family home price in Patoka, IL is $129,000 (about $110 per square foot).
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