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Featured local agent — Warsaw, IL
Sarah Mitchell
Compass Real Estate · Warsaw, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Warsaw, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$100,000median sale price
How is the Warsaw, IL housing market right now?
The median home sale price in Warsaw, IL is $100,000, down 66.6% year-over-year. Homes sell in an average of 55 days with 10 active listings. The market is currently a buyer'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 Warsaw a buyer's or seller's market?
Warsaw, IL is currently a buyer's market, based on 10.0 months of supply and homes selling in about 55 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
55
Average pace
Active listings
10
10.0 months supply
Sale-to-list
101.5%
Above asking
What does the Warsaw housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $100,000 |
| Median list price | $365,000 |
| Year-over-year price change | -66.6% |
| Average days on market | 55 days |
| Active inventory | 10 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 101.5% |
| Median price per sq ft | $53/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 10.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Warsaw by property type?
How the Warsaw, 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 | $100,000 | $53/sq ft | 1 | 55 days |
Source: Redfin · Updated monthly
The Warsaw housing market is currently classified as a buyer's market with a median sale price of $100,000. Prices have fallen 66.6% compared to last year, with homes spending an average of 55 days on market, indicating 10.0 months of inventory.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 1.9x provides context for how home values compare to local earning capacity.
Homes for sale in Warsaw
There are currently 10 homes listed for sale in Warsaw, Illinois. The median listing price is $365K.
Active listings
10
Homes on market
Median list price
$365K
Avg. days on market
55
Days until sale
New this week
1
Newly listed
Who lives in Warsaw?
Population
1,511
Median income
$58,074/yr
Median age
46.4 years
Owner-occupied
80.3%
College grads
19.2%
Avg commute
25.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Warsaw?
Zillow home value
$109,684
Price-to-income
1.9x
Source: Zillow Research
What is it like to live in Warsaw?
Warsaw is a community of approximately 2K residents with a median age of 46.4 years.The median household income is $58,074, which represents a working-class community with solid middle-income opportunities. 19.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Warsaw offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Warsaw?
2 schools tracked · 382 students
The largest public schools serving Warsaw, 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.
Warsaw Elem School
Grades PK-9 · 207 students
Warsaw Sr High School
Grades 9-12 · 175 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 Warsaw, IL?
Want a head-to-head view? Compare Warsaw side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Warsaw?
The median home sale price in Warsaw is $100,000, down 66.6% from last year.
How long do homes stay on market in Warsaw?
Homes typically spend 55 days on market before going under contract.
What is the median income in Warsaw?
The median household income is $58,074 per year.
Is Warsaw a buyer's or seller's market?
With 10.0 months of supply, Warsaw is currently a buyer's market.
What is the Zillow home value estimate for Warsaw?
The Zillow Home Value Index (ZHVI) for Warsaw is $109,684, representing the typical home value in the area.
How much does a single-family home cost in Warsaw?
The median single-family home price in Warsaw, IL is $100,000 (about $53 per square foot).
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