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Featured local agent — Prairie Grove, IL
Sarah Mitchell
Compass Real Estate · Prairie Grove, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Prairie Grove, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$316,000median sale price
How is the Prairie Grove, IL housing market right now?
The median home sale price in Prairie Grove, IL is $316,000, down 43.0% year-over-year. Homes sell in an average of 48 days with 12 active listings. The market is currently a 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 Prairie Grove a buyer's or seller's market?
Prairie Grove, IL is currently a seller's market, based on 2.4 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
48
Average pace
Active listings
12
2.4 months supply
Sale-to-list
99.8%
Below asking
What does the Prairie Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $316,000 |
| Median list price | $680,000 |
| Year-over-year price change | -43.0% |
| Average days on market | 48 days |
| Active inventory | 12 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $177/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 7 |
| Listings with a price cut | 8.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Prairie Grove by property type?
How the Prairie Grove, 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 | $552,450 | $215/sq ft | 2 | 26 days |
| Condo / Co-op | $339,500 | $263/sq ft | 1 | 43 days |
| Townhouse | $316,000 | $168/sq ft | 3 | 63 days |
Source: Redfin · Updated monthly
The Prairie Grove housing market is currently classified as a seller's market with a median sale price of $316,000. Prices have fallen 43.0% compared to last year, with homes spending an average of 48 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Prairie Grove
There are currently 12 homes listed for sale in Prairie Grove, Illinois. The median listing price is $680K.
Active listings
12
Homes on market
Median list price
$680K
Avg. days on market
48
Days until sale
New this week
7
Newly listed
Who lives in Prairie Grove?
Population
1,992
Median income
$138,229/yr
Median age
41.7 years
Owner-occupied
92.4%
College grads
60.3%
Avg commute
35.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Prairie Grove?
Prairie Grove is a community of approximately 2K residents with a median age of 41.7 years.The median household income is $138,229, which reflects a relatively affluent area with strong earning potential. 60.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 92.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Prairie Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Prairie Grove, IL?
Want a head-to-head view? Compare Prairie Grove side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Prairie Grove?
The median home sale price in Prairie Grove is $316,000, down 43.0% from last year.
How long do homes stay on market in Prairie Grove?
Homes typically spend 48 days on market before going under contract.
What is the median income in Prairie Grove?
The median household income is $138,229 per year.
Is Prairie Grove a buyer's or seller's market?
With 2.4 months of supply, Prairie Grove is currently a seller's market.
What is the median condo price in Prairie Grove?
The median condo/co-op sale price in Prairie Grove, IL is $339,500, compared to $552,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Prairie Grove?
The median single-family home price in Prairie Grove, IL is $552,450 (about $215 per square foot).
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