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DEWEY, IL 61840

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The DEWEY, IL real estate market (61840) currently shows 1 active listings, with 1 pending sales. Homes are averaging 105 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 105 days on market compared to 4 days last year.

The median listing price has fallen 60% year-over-year, from $250,000 to $100,000.

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 Context

Market Context

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

Typical home value: $0  ·  Homeownership: 89.7%

Market Overview

Active Listings
1
vs 1 last year
Pending
1
100% pending ratio
Median Price
$100,000
⇩ 60% vs $250,000 last year
Average Price
$100,000
⇩ 60% vs $250,000 last year
Days on Market
105
⇧ 2525% vs 4 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 105 now vs 4 last year

Median & Average Pricing

Year over Year
  • Median: $100,000 (-60% YoY)
  • Average: $100,000 (-60% YoY)

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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.4 miles — 237 listings ($92,801,339 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61840Dewey, IL 618400.0 mi1$100,000$100,000$100,000
61845Foosland, IL 618457.4 mi1$232,450$232,450$232,450
61853Mahomet, IL 618537.8 mi43$18,065,590$419,950$420,130
61822Champaign, IL 6182211.0 mi75$36,627,675$464,125$488,369
60949Ludlow, IL 6094912.0 mi1$76,500$76,500$76,500
61724Bellflower, IL 6172412.1 mi2$272,350$136,175$136,175
60957Paxton, IL 6095713.1 mi18$3,002,526$144,925$166,807
61854Mansfield, IL 6185413.1 mi6$1,779,798$289,950$296,633
61802Urbana, IL 6180214.5 mi68$22,748,380$284,200$334,535
61847Gifford, IL 6184715.1 mi2$322,000$161,000$161,000
61874Savoy, IL 6187417.1 mi17$8,884,370$549,900$522,610
61871Royal, IL 6187118.5 mi2$519,800$259,900$259,900
61773Sibley, IL 6177319.4 mi1$169,900$169,900$169,900

Frequently Asked Questions

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

As of March 2026, there are 1 active listings in DEWEY, IL (zip code 61840), compared to 1 the prior year.

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

The median listing price in DEWEY, IL 61840 is $100,000 as of March 2026, a 60% decrease from $250,000 the prior year.

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

Homes in DEWEY, IL 61840 spend an average of 105 days on the market before going under contract, compared to 4 days the prior year.

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

Based on current inventory and days-on-market data as of March 2026, DEWEY, IL 61840 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 105 days on market compared to 4 days last year.

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 $2,000 compared to a typical 5% commission on the median listing price of $100,000. 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.