Effingham, IL Home Values & Market Trends
Real estate market trends reflect that there have been 329 transactions over the past year in Effingham. The median value for residential home transactions that occurred over the previous year is $412,028. The number of current listings in Effingham is 208, and the percentage of properties for sale in the city is 208.00%. Effingham, IL currently has 4 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 208 properties for sale.
Effingham, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62401 | $ 412,028 $ 298/sqft |
Housing Market Summary for Effingham, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $322.4K | $285K | -11.60% |
| Median Sold Price | $214.9K | $482.4K | 124.45% |
| Homes For Sale | 146 | 198 | 35.62% |
| Homes Sold | 173 | 115 | -33.53% |
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 Effingham, IL
Browse Homes in Effingham, IL
Effingham home values range from $42,657 to $1,817,890. The median estimated value of a home in Effingham is $412,028. The median list price of a home is 292,000, and the total count of properties in the city is 344.
- Pre-ForeclosurePre-foreclosure homes account for 0.58% of all residential properties in Effingham, IL with 62401 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Effingham, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $520,672 in 62401 to the lowest home value of $368,608 in 62401.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Effingham, IL ranges from the highest value of $0 in 62401 to the lowest value of $0 in 62401. Bank owned homes and properties account for 0.29% of properties in Effingham, IL. There is 1 zips within Effingham, IL; 62401 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions62401 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Effingham, IL. Auction homes and other auction properties account for 0.29% of all properties in Effingham, IL. There is 1 zips within Effingham, IL; of that zips, the median estimated home value for homes going to auction ranges from $346,389 in 62401 to the lowest value of $346,389 in 62401.
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Guide for Effingham, 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.
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