Newman, IL Home Values & Market Trends
Real estate market trends reflect that there have been 2 transactions over the past year in Newman. The median value for residential home transactions that occurred over the previous year is $105,400. The number of current listings in Newman is 14, and the percentage of properties for sale in the city is 14.00%. Newman, IL currently has 1 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 14 properties for sale.
Newman, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61942 | $ 105,400 $ 85/sqft |
Housing Market Summary for Newman, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $154K | $105.9K | -31.23% |
| Median Sold Price | $0 | $126.2K | - |
| Homes For Sale | 7 | 13 | 85.71% |
| Homes Sold | 0 | 1 | - |
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 Newman, IL
Browse Homes in Newman, IL
Newman home values range from $31,052 to $263,902. The median estimated value of a home in Newman is $105,400. The median list price of a home is 104,900, and the total count of properties in the city is 16.
- Pre-ForeclosurePre-foreclosure homes account for 6.25% of all residential properties in Newman, IL with 61942 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Newman, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $69,426 in 61942 to the lowest home value of $69,426 in 61942.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newman, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Newman, IL. There is 1 zips within Newman, IL; N/A containing 0 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 Newman, IL. Auction homes and other auction properties account for 0% of all properties in Newman, IL. There is 1 zips within Newman, 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 Newman, 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.
