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Featured local agent — Princeville, IL
Sarah Mitchell
Compass Real Estate · Princeville, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Princeville, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$140,000median sale price
How is the Princeville, IL housing market right now?
The median home sale price in Princeville, IL is $140,000, down 4.8% year-over-year. Homes sell in an average of 9 days with 3 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 Princeville a buyer's or seller's market?
Princeville, IL is currently a seller's market, based on 3.0 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
9
Fast-moving
Active listings
3
3.0 months supply
Sale-to-list
100.0%
Above asking
What does the Princeville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $140,000 |
| Median list price | $389,000 |
| Year-over-year price change | -4.8% |
| Average days on market | 9 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $91/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Princeville by property type?
How the Princeville, 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 | $140,000 | $91/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Princeville housing market is currently classified as a seller's market with a median sale price of $140,000. Prices have fallen 4.8% compared to last year, with homes spending an average of 9 days on market, indicating 3.0 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 2.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Princeville
There are currently 3 homes listed for sale in Princeville, Illinois. The median listing price is $389K.
Active listings
3
Homes on market
Median list price
$389K
Avg. days on market
9
Days until sale
New this week
3
Newly listed
Who lives in Princeville?
Population
1,932
Median income
$81,944/yr
Median age
36.4 years
Owner-occupied
80.6%
College grads
28.3%
Avg commute
21.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Princeville?
Zillow home value
$231,117
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Princeville?
Princeville is a community of approximately 2K residents with a median age of 36.4 years.The median household income is $81,944, which reflects a relatively affluent area with strong earning potential. 28.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Princeville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Princeville?
2 schools tracked · 644 students
The largest public schools serving Princeville, 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.
Princeville High School
Grades 6-12 · 336 students
Princeville Elem School
Grades PK-5 · 308 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 Princeville, IL?
Want a head-to-head view? Compare Princeville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Princeville?
The median home sale price in Princeville is $140,000, down 4.8% from last year.
How long do homes stay on market in Princeville?
Homes typically spend 9 days on market before going under contract.
What is the median income in Princeville?
The median household income is $81,944 per year.
Is Princeville a buyer's or seller's market?
With 3.0 months of supply, Princeville is currently a seller's market.
What is the Zillow home value estimate for Princeville?
The Zillow Home Value Index (ZHVI) for Princeville is $231,117, representing the typical home value in the area.
How much does a single-family home cost in Princeville?
The median single-family home price in Princeville, IL is $140,000 (about $91 per square foot).
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