Mattoon, IL Home Values & Market Trends
Real estate market trends reflect that there have been 386 transactions over the past year in Mattoon. The median value for residential home transactions that occurred over the previous year is $127,587. The number of current listings in Mattoon is 257, and the percentage of properties for sale in the city is 257.00%. Mattoon, IL currently has 36 properties in foreclosure, 2 bank owned properties, 3 properties headed for auction, and 257 properties for sale.
Mattoon, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61938 | $ 127,587 $ 99/sqft |
Housing Market Summary for Mattoon, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $130K | $132K | 1.54% |
| Median Sold Price | $112.3K | $127.5K | 13.56% |
| Homes For Sale | 161 | 249 | 54.66% |
| Homes Sold | 200 | 139 | -30.50% |
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 Mattoon, IL
Browse Homes in Mattoon, IL
Mattoon home values range from $20,194 to $714,579. The median estimated value of a home in Mattoon is $127,587. The median list price of a home is 129,000, and the total count of properties in the city is 470.
- Pre-ForeclosurePre-foreclosure homes account for 6.60% of all residential properties in Mattoon, IL with 61938 containing 31 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Mattoon, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $335,445 in 61938 to the lowest home value of $54,900 in 61938.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mattoon, IL ranges from the highest value of $62,548 in 61938 to the lowest value of $56,175 in 61938. Bank owned homes and properties account for 0.43% of properties in Mattoon, IL. There is 1 zips within Mattoon, IL; 61938 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61938 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Mattoon, IL. Auction homes and other auction properties account for 0.64% of all properties in Mattoon, IL. There is 1 zips within Mattoon, IL; of that zips, the median estimated home value for homes going to auction ranges from $155,124 in 61938 to the lowest value of $134,099 in 61938.
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More Real Estate Resources for Mattoon, IL
Guide for Mattoon, 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 […]
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