Farmer City, IL Home Values & Market Trends
Real estate market trends reflect that there have been 43 transactions over the past year in Farmer City. The median value for residential home transactions that occurred over the previous year is $189,900. The number of current listings in Farmer City is 43, and the percentage of properties for sale in the city is 43.00%. Farmer City, IL currently has 6 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 43 properties for sale.
Farmer City, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61842 | $ 189,900 $ 136/sqft |
Housing Market Summary for Farmer City, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $222.5K | $219.9K | -1.17% |
| Median Sold Price | $0 | $124.3K | - |
| Homes For Sale | 23 | 43 | 86.96% |
| Homes Sold | 0 | 12 | - |
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 Farmer City, IL
Browse Homes in Farmer City, IL
Farmer City home values range from $17,724 to $317,900. The median estimated value of a home in Farmer City is $189,900. The median list price of a home is 224,900, and the total count of properties in the city is 70.
- Pre-ForeclosurePre-foreclosure homes account for 5.71% of all residential properties in Farmer City, IL with 61842 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Farmer City, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $291,409 in 61842 to the lowest home value of $124,803 in 61842.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Farmer City, IL ranges from the highest value of $215,022 in 61842 to the lowest value of $215,022 in 61842. Bank owned homes and properties account for 1.43% of properties in Farmer City, IL. There is 1 zips within Farmer City, IL; 61842 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61842 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Farmer City, IL. Auction homes and other auction properties account for 1.43% of all properties in Farmer City, IL. There is 1 zips within Farmer City, IL; of that zips, the median estimated home value for homes going to auction ranges from $132,656 in 61842 to the lowest value of $132,656 in 61842.
Compare Nearby Cities
More Real Estate Resources for Farmer City, IL
Guide for Farmer City, 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.