Illinois City, IL Home Values & Market Trends
Real estate market trends reflect that there have been 7 transactions over the past year in Illinois City. The median value for residential home transactions that occurred over the previous year is $260,368. The number of current listings in Illinois City is 4, and the percentage of properties for sale in the city is 4.00%. Illinois City, IL currently has 2 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 4 properties for sale.
Illinois City, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61259 | $ 260,368 $ 199/sqft |
Housing Market Summary for Illinois City, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $57,500 | $215K | 273.91% |
| Median Sold Price | $140.8K | $263.9K | 87.38% |
| Homes For Sale | 3 | 4 | 33.33% |
| Homes Sold | 9 | 5 | -44.44% |
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 Illinois City, IL
Browse Homes in Illinois City, IL
Illinois City home values range from $143,375 to $554,130. The median estimated value of a home in Illinois City is $260,368. The median list price of a home is 0, and the total count of properties in the city is 13.
- Pre-ForeclosurePre-foreclosure homes account for 7.69% of all residential properties in Illinois City, IL with 61259 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Illinois City, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $161,989 in 61259 to the lowest home value of $161,989 in 61259.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Illinois City, IL ranges from the highest value of $215,000 in 61259 to the lowest value of $215,000 in 61259. Bank owned homes and properties account for 7.69% of properties in Illinois City, IL. There is 1 zips within Illinois City, IL; 61259 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Illinois City, IL. Auction homes and other auction properties account for 0% of all properties in Illinois City, IL. There is 1 zips within Illinois City, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Illinois 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.
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