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Featured local agent — Washington, IL
Sarah Mitchell
Compass Real Estate · Washington, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Washington, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$225,000median sale price
How is the Washington, IL housing market right now?
The median home sale price in Washington, IL is $225,000, down 7.4% year-over-year. Homes sell in an average of 3 days with 13 active listings. The market is currently a strong 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 Washington a buyer's or seller's market?
Washington, IL is currently a strong seller's market, based on 0.5 months of supply and homes selling in about 3 days. How we determine this →
Homes sold
25
Last 12 weeks
Days on market
3
Fast-moving
Active listings
13
0.5 months supply
Sale-to-list
101.7%
Above asking
What does the Washington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $225,000 |
| Median list price | $279,900 |
| Year-over-year price change | -7.4% |
| Average days on market | 3 days |
| Active inventory | 13 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 101.7% |
| Median price per sq ft | $136/sq ft |
| Homes sold (latest month) | 25 |
| New listings (latest month) | 27 |
| Listings with a price cut | 23.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Washington by property type?
How the Washington, 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 | $225,000 | $136/sq ft | 25 | 3 days |
| Condo / Co-op | $187,500 | $150/sq ft | 2 | 2 days |
Source: Redfin · Updated monthly
The Washington housing market is currently classified as a strong seller's market with a median sale price of $225,000. Prices have fallen 7.4% compared to last year, with homes spending an average of 3 days on market, indicating 0.5 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 2.6x provides context for how home values compare to local earning capacity.
Homes for sale in Washington
There are currently 13 homes listed for sale in Washington, Illinois. The median listing price is $280K.
Active listings
13
Homes on market
Median list price
$280K
Avg. days on market
3
Days until sale
New this week
27
Newly listed
Who lives in Washington?
Population
15,946
Median income
$91,360/yr
Median age
37.3 years
Owner-occupied
80.0%
College grads
43.8%
Avg commute
20.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Washington?
Zillow home value
$239,727
Zillow rent index
$1,324/mo
Price-to-rent ratio
15.1x
Price-to-income
2.6x
Source: Zillow Research
What is it like to live in Washington?
Washington is a community of approximately 16K residents with a median age of 37.3 years.The median household income is $91,360, which reflects a relatively affluent area with strong earning potential. 43.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Washington offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Washington?
7 schools tracked · 4,150 students
The largest public schools serving Washington, 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.
Washington Comm High School
Grades 9-12 · 1,451 students
Central Primary Sch
Grades PK-4 · 685 students
Central Intermediate Sch
Grades 5-8 · 591 students
Lincoln Grade School
Grades PK-4 · 476 students
Washington Middle School
Grades 5-8 · 361 students
Beverly Manor Elementary School
Grades 4-8 · 331 students
J L Hensey Elem School
Grades PK-3 · 255 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 Washington, IL?
Want a head-to-head view? Compare Washington side-by-side with any other U.S. city using our market-comparison tool.
Is Washington a good real estate investment market?
For investors evaluating Washington, the price-to-rent ratio of 15.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Washington's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Washington's median home price.
Frequently asked questions
What is the average home price in Washington?
The median home sale price in Washington is $225,000, down 7.4% from last year.
How long do homes stay on market in Washington?
Homes typically spend 3 days on market before going under contract.
What is the median income in Washington?
The median household income is $91,360 per year.
Is Washington a buyer's or seller's market?
With 0.5 months of supply, Washington is currently a strong seller's market.
What is the Zillow home value estimate for Washington?
The Zillow Home Value Index (ZHVI) for Washington is $239,727, representing the typical home value in the area.
What is the median condo price in Washington?
The median condo/co-op sale price in Washington, IL is $187,500, compared to $225,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Washington?
The median single-family home price in Washington, IL is $225,000 (about $136 per square foot).
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