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Featured local agent — Penfield, IL
Sarah Mitchell
Compass Real Estate · Penfield, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Penfield, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$175,000median sale price
How is the Penfield, IL housing market right now?
The median home sale price in Penfield, IL is $175,000, up 133.3% year-over-year. Homes sell in an average of 18 days. The market is currently a balanced 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 Penfield a buyer's or seller's market?
Penfield, IL is currently a balanced market and homes selling in about 18 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
18
Fast-moving
Active listings
—
Sale-to-list
97.3%
Below asking
What does the Penfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $175,000 |
| Year-over-year price change | +133.3% |
| Average days on market | 18 days |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $96/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Penfield by property type?
How the Penfield, 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 | $175,000 | $96/sq ft | 1 | 18 days |
Source: Redfin · Updated monthly
The Penfield housing market is currently classified as a balanced market with a median sale price of $175,000. Prices have risen 133.3% compared to last year, with homes spending an average of 18 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Penfield
Explore homes currently listed for sale in Penfield, Illinois across major real estate platforms.
Who lives in Penfield?
Population
195
Median income
$94,531/yr
Median age
52.3 years
Owner-occupied
83.5%
College grads
2.6%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What is it like to live in Penfield?
Penfield is a community of approximately 0K residents with a median age of 52.3 years.The median household income is $94,531, which reflects a relatively affluent area with strong earning potential. 2.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Penfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Penfield, IL?
Want a head-to-head view? Compare Penfield side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Penfield?
The median home sale price in Penfield is $175,000, up 133.3% from last year.
How long do homes stay on market in Penfield?
Homes typically spend 18 days on market before going under contract.
What is the median income in Penfield?
The median household income is $94,531 per year.
How much does a single-family home cost in Penfield?
The median single-family home price in Penfield, IL is $175,000 (about $96 per square foot).
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