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Featured local agent — Shipman, IL
Sarah Mitchell
Compass Real Estate · Shipman, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shipman, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$365,000median sale price
How is the Shipman, IL housing market right now?
The median home sale price in Shipman, IL is $365,000, up 164.5% year-over-year. Homes sell in an average of 59 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Shipman a buyer's or seller's market?
Shipman, IL is currently a buyer's market and homes selling in about 59 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
59
Average pace
Active listings
—
Sale-to-list
91.3%
Below asking
What does the Shipman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $365,000 |
| Year-over-year price change | +164.5% |
| Average days on market | 59 days |
| Sale-to-list price ratio | 91.3% |
| Median price per sq ft | $259/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Shipman by property type?
How the Shipman, 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 | $365,000 | $259/sq ft | 1 | 59 days |
Source: Redfin · Updated monthly
The Shipman housing market is currently classified as a buyer's market with a median sale price of $365,000. Prices have risen 164.5% compared to last year, with homes spending an average of 59 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 1.3x provides context for how home values compare to local earning capacity.
Homes for sale in Shipman
Explore homes currently listed for sale in Shipman, Illinois across major real estate platforms.
Who lives in Shipman?
Population
667
Median income
$62,500/yr
Median age
30.8 years
Owner-occupied
81.9%
College grads
19.5%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Shipman?
Zillow home value
$83,040
Price-to-income
1.3x
Source: Zillow Research
What is it like to live in Shipman?
Shipman is a community of approximately 1K residents with a median age of 30.8 years.The median household income is $62,500, which represents a working-class community with solid middle-income opportunities. 19.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 81.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Shipman offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Shipman?
1 schools tracked · 159 students
The largest public schools serving Shipman, 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.
Shipman Elem School
Grades 3-4 · 159 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 Shipman, IL?
Want a head-to-head view? Compare Shipman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Shipman?
The median home sale price in Shipman is $365,000, up 164.5% from last year.
How long do homes stay on market in Shipman?
Homes typically spend 59 days on market before going under contract.
What is the median income in Shipman?
The median household income is $62,500 per year.
What is the Zillow home value estimate for Shipman?
The Zillow Home Value Index (ZHVI) for Shipman is $83,040, representing the typical home value in the area.
How much does a single-family home cost in Shipman?
The median single-family home price in Shipman, IL is $365,000 (about $259 per square foot).
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