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Featured local agent — Washburn, IL
Sarah Mitchell
Compass Real Estate · Washburn, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Washburn, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$77,500median sale price
How is the Washburn, IL housing market right now?
The median home sale price in Washburn, IL is $77,500, down 58.1% year-over-year. Homes sell in an average of 95 days with 5 active listings. The market is currently a balanced 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 Washburn a buyer's or seller's market?
Washburn, IL is currently a balanced market, based on 2.5 months of supply and homes selling in about 95 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
95
Average pace
Active listings
5
2.5 months supply
Sale-to-list
86.1%
Below asking
What does the Washburn housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $77,500 |
| Median list price | $229,000 |
| Year-over-year price change | -58.1% |
| Average days on market | 95 days |
| Active inventory | 5 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 86.1% |
| Median price per sq ft | $47/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 20.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Washburn by property type?
How the Washburn, 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 | $77,500 | $47/sq ft | 2 | 95 days |
| Townhouse | $100,000 | $91/sq ft | 1 | 11 days |
Source: Redfin · Updated monthly
The Washburn housing market is currently classified as a balanced market with a median sale price of $77,500. Prices have fallen 58.1% compared to last year, with homes spending an average of 95 days on market, indicating 2.5 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 1.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Washburn
There are currently 5 homes listed for sale in Washburn, Illinois. The median listing price is $229K.
Active listings
5
Homes on market
Median list price
$229K
Avg. days on market
95
Days until sale
New this week
4
Newly listed
Who lives in Washburn?
Population
1,026
Median income
$79,306/yr
Median age
38.5 years
Owner-occupied
78.4%
College grads
17.0%
Avg commute
38.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Washburn?
Zillow home value
$123,939
Price-to-income
1.6x
Source: Zillow Research
What is it like to live in Washburn?
Washburn is a community of approximately 1K residents with a median age of 38.5 years.The median household income is $79,306, which reflects a relatively affluent area with strong earning potential. 17.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Washburn offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Washburn?
3 schools tracked · 317 students
The largest public schools serving Washburn, 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.
Lowpoint-Washburn Elem School
Grades PK-5 · 159 students
Lowpoint-Washburn Jr Sr High Sch
Grades 6-12 · 158 students
WCSEA-Lowpoint Washburn
Grade range n/a
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 Washburn, IL?
Want a head-to-head view? Compare Washburn side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Washburn?
The median home sale price in Washburn is $77,500, down 58.1% from last year.
How long do homes stay on market in Washburn?
Homes typically spend 95 days on market before going under contract.
What is the median income in Washburn?
The median household income is $79,306 per year.
Is Washburn a buyer's or seller's market?
With 2.5 months of supply, Washburn is currently a balanced market.
What is the Zillow home value estimate for Washburn?
The Zillow Home Value Index (ZHVI) for Washburn is $123,939, representing the typical home value in the area.
How much does a single-family home cost in Washburn?
The median single-family home price in Washburn, IL is $77,500 (about $47 per square foot).
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