Champaign, IL metro area Housing Market
Cool MarketComprehensive housing market data for the Champaign, IL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$225K
↓ 1.7% YoY
Days on Market
57 days
↑ 7.5% YoY
Active Inventory
560
↑ 46.6% YoY
Homes Sold
165
↓ 1.2% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Champaign, IL metro area Market Summary
The Champaign, IL metro area housing market is cooling down. As of March 2026, the median home sale price is $225K, down 1.7% year-over-year. Homes are spending a median of 57 days on the market, 7.5% longer than a year ago.
There are 560 homes for sale — 46.6% more than last year. With 3.4 months of supply, this is a seller's market. 310 new listings were added during this period, up 31.9% year-over-year.
Homes are selling for 98.3% of their list price on average, suggesting room for negotiation. 26.1% of homes sell above their asking price. 17.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
vs. Illinois Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 48% below the national median, which could indicate stronger cash flow potential.
Champaign, IL metro area Market Trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed Market Metrics
Median List Price
$275K
Price per Sq Ft
$152
Sale-to-List Ratio
98.3%
Months of Supply
3.4
Sold Above List
26.1%
Price Drops
17.0%
New Listings
310
↑ 31.9% YoY
Pending Sales
249
Off Market in 2 Weeks
56.2%
Other Markets in Illinois
Chicago, IL metro area
$375K · 51d on market
Elgin, IL metro area
$367K · 54d on market
Lake County, IL metro area
$371K · 49d on market
Peoria, IL metro area
$163K · 29d on market
Rockford, IL metro area
$225K · 14d on market
Springfield, IL metro area
$208K · 24d on market
Bloomington, IL metro area
$269K · 46d on market
Carbondale, IL metro area
$89K · 113d on market
Analyze a deal in Champaign, IL metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.