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DEWEY, IL 61840

Real Estate Market Report  ·  Champaign County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
2
Pending
2
100% pending ratio
Median Price
$607,450
Average Price
$607,450
Days on Market
170

Market Context

Population: 530  ·  Density: 6.6/mi²  ·  Median household income: $68,250

Typical home value: $0  ·  Homeownership: 89.7%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The DEWEY, IL real estate market (61840) currently shows 2 active listings, with 2 pending sales. Homes are averaging 170 days on the market before going under contract.

Whether you are buying or selling in DEWEY, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.6 miles — 225 listings ($81,933,456 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61840Dewey, IL 618400.0 mi2$1,214,900$607,450$607,450
61845Foosland, IL 618457.4 mi1$235,000$235,000$235,000
61853Mahomet, IL 618537.8 mi43$18,733,896$364,900$435,672
61822Champaign, IL 6182211.0 mi69$31,709,502$410,000$459,558
60949Ludlow, IL 6094912.0 mi1$76,500$76,500$76,500
61724Bellflower, IL 6172412.1 mi2$434,900$217,450$217,450
60957Paxton, IL 6095713.1 mi16$2,746,624$149,900$171,664
61854Mansfield, IL 6185413.1 mi9$2,033,640$210,000$225,960
61802Urbana, IL 6180214.5 mi65$18,077,930$240,900$278,122
61847Gifford, IL 6184715.1 mi1$173,400$173,400$173,400
61874Savoy, IL 6187417.1 mi12$5,980,632$490,000$498,386
61862Penfield, IL 6186218.5 mi0$0$32,000$32,000
60952Melvin, IL 6095218.6 mi4$516,532$113,500$129,133

Frequently Asked Questions

How many homes are for sale in DEWEY, IL 61840?

As of January 2026, there are 2 active listings in DEWEY, IL (zip code 61840).

What is the median home price in DEWEY, IL 61840?

The median listing price in DEWEY, IL 61840 is $607,450 as of January 2026.

How long do homes stay on the market in DEWEY, IL?

Homes in DEWEY, IL 61840 spend an average of 170 days on the market before going under contract.

Is it a seller's or buyer's market in DEWEY, IL 61840?

Based on current inventory and days-on-market data as of January 2026, DEWEY, IL 61840 is currently a Balanced Market.

How much can I save on real estate commission in DEWEY, IL?

With SELL123.com's maximum 3% commission, sellers in DEWEY, IL 61840 save an estimated $12,149 compared to a typical 5% commission on the median listing price of $607,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.