Champaign, IL Home Values & Market Trends
Real estate market trends reflect that there have been 1,010 transactions over the past year in Champaign. The median value for residential home transactions that occurred over the previous year is $278,000. The number of current listings in Champaign is 745, and the percentage of properties for sale in the city is 745.00%. Champaign, IL currently has 62 properties in foreclosure, 2 bank owned properties, 2 properties headed for auction, and 745 properties for sale.
Champaign, IL Real Estate Market Overview
Housing Market Summary for Champaign, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $259K | $280K | 8.11% |
| Median Sold Price | $234.1K | $264.3K | 12.90% |
| Homes For Sale | 453 | 731 | 61.37% |
| Homes Sold | 777 | 384 | -50.58% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Champaign, IL
Browse Homes in Champaign, IL
Champaign home values range from $38,746 to $1,800,000. The median estimated value of a home in Champaign is $278,000. The median list price of a home is 288,450, and the total count of properties in the city is 1,266.
- Pre-ForeclosurePre-foreclosure homes account for 4.58% of all residential properties in Champaign, IL with 61821 containing 36 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Champaign, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $355,510 in 61822 to the lowest home value of $60,681 in 61820.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Champaign, IL ranges from the highest value of $508,920 in 61822 to the lowest value of $124,900 in 61821. Bank owned homes and properties account for 0.16% of properties in Champaign, IL. There are 3 zips within Champaign, IL; 61822 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61820 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Champaign, IL. Auction homes and other auction properties account for 0.16% of all properties in Champaign, IL. There are 3 zips within Champaign, IL; of those zips, the median estimated home value for homes going to auction ranges from $81,705 in 61822 to the lowest value of $81,705 in 61822.
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More Real Estate Resources for Champaign, IL
Guide for Champaign, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
