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Featured local agent — Rantoul, IL
Sarah Mitchell
Compass Real Estate · Rantoul, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rantoul, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$161,200median sale price
How is the Rantoul, IL housing market right now?
The median home sale price in Rantoul, IL is $161,200, up 34.9% year-over-year. Homes sell in an average of 54 days with 19 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 Rantoul a buyer's or seller's market?
Rantoul, IL is currently a seller's market, based on 1.7 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
54
Average pace
Active listings
19
1.7 months supply
Sale-to-list
99.5%
Below asking
What does the Rantoul housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $161,200 |
| Median list price | $179,900 |
| Year-over-year price change | +34.9% |
| Average days on market | 54 days |
| Active inventory | 19 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $127/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 11 |
| Listings with a price cut | 21.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Rantoul by property type?
How the Rantoul, 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 | $162,100 | $130/sq ft | 10 | 54 days |
| Condo / Co-op | $250,000 | $75/sq ft | 1 | 152 days |
| Townhouse | $126,000 | $83/sq ft | 1 | 54 days |
Source: Redfin · Updated monthly
The Rantoul housing market is currently classified as a seller's market with a median sale price of $161,200. Prices have risen 34.9% compared to last year, with homes spending an average of 54 days on market, indicating 1.7 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 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Rantoul
There are currently 19 homes listed for sale in Rantoul, Illinois. The median listing price is $180K.
Active listings
19
Homes on market
Median list price
$180K
Avg. days on market
54
Days until sale
New this week
11
Newly listed
Who lives in Rantoul?
Population
12,515
Median income
$49,821/yr
Median age
35 years
Owner-occupied
49.6%
College grads
11.9%
Avg commute
19.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Rantoul?
Zillow home value
$144,868
Zillow rent index
$808/mo
Price-to-rent ratio
14.9x
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Rantoul?
Rantoul is a community of approximately 13K residents with a median age of 35 years.The median household income is $49,821, which represents a working-class community with solid middle-income opportunities. 11.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 49.6%, showing a blend of owner and renter-occupied properties. The average commute time is 19.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Rantoul offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Rantoul?
6 schools tracked · 2,405 students
The largest public schools serving Rantoul, 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.
Rantoul Twp High School
Grades 9-12 · 849 students
J W Eater Jr High School
Grades 6-8 · 515 students
Pleasant Acres Elem School
Grades K-5 · 297 students
Eastlawn Elem School
Grades K-4 · 260 students
Broadmeadow Elem School
Grades K-5 · 243 students
Northview Elem School
Grades K-5 · 241 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 Rantoul, IL?
Want a head-to-head view? Compare Rantoul side-by-side with any other U.S. city using our market-comparison tool.
Is Rantoul a good real estate investment market?
For investors evaluating Rantoul, the price-to-rent ratio of 14.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 34.9% 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 Rantoul's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Rantoul's median home price.
Frequently asked questions
What is the average home price in Rantoul?
The median home sale price in Rantoul is $161,200, up 34.9% from last year.
How long do homes stay on market in Rantoul?
Homes typically spend 54 days on market before going under contract.
What is the median income in Rantoul?
The median household income is $49,821 per year.
Is Rantoul a buyer's or seller's market?
With 1.7 months of supply, Rantoul is currently a seller's market.
What is the Zillow home value estimate for Rantoul?
The Zillow Home Value Index (ZHVI) for Rantoul is $144,868, representing the typical home value in the area.
What is the median condo price in Rantoul?
The median condo/co-op sale price in Rantoul, IL is $250,000, compared to $162,100 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Rantoul?
The median single-family home price in Rantoul, IL is $162,100 (about $130 per square foot).
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