Call or Text (240) SELL-123

MANSFIELD, IL 61854

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

Market Analysis

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

The MANSFIELD, IL real estate market (61854) currently shows 4 active listings, with 2 pending sales. Homes are averaging 102 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 102 days on market compared to 89 days last year.

The median listing price has risen 351.4% year-over-year, from $69,999 to $316,000.

Whether you are buying or selling in MANSFIELD, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MANSFIELD, IL 61854 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 1,409  ·  Density: 9.6/mi²  ·  Median household income: $89,792

Typical home value: $160,166  ·  Homeownership: 85.5%

Market Overview

Active Listings
4
⇩ 20% vs 5 last year
Pending
2
50% pending ratio
Median Price
$316,000
⇧ 351.4% vs $69,999 last year
Average Price
$316,000
⇧ 351.4% vs $69,999 last year
Days on Market
102
⇧ 14.6% vs 89 days last year

Price Per Square Foot

Median $/sqft
$139
⇧ 65.5% vs $84/sqft last year
Median Home Size
2,230 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 5 last year
  • Days on market: 102 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $316,000 (+351.4% YoY)
  • Average: $316,000 (+351.4% 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 20.5 miles — 240 listings ($77,013,945 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61854Mansfield, IL 618540.0 mi6$1,779,798$289,950$296,633
61842Farmer City, IL 618427.9 mi13$3,147,053$211,225$242,081
61875Seymour, IL 618758.8 mi3$1,845,000$615,000$615,000
61843Fisher, IL 6184310.6 mi8$2,336,768$319,950$292,096
61856Monticello, IL 6185612.7 mi23$9,662,898$399,900$420,126
61845Foosland, IL 6184513.1 mi1$232,450$232,450$232,450
61821Champaign, IL 6182114.6 mi76$20,516,960$202,950$269,960
61752Le Roy, IL 6175215.5 mi9$1,804,050$191,175$200,450
61770Saybrook, IL 6177016.1 mi4$651,800$186,000$162,950
61874Savoy, IL 6187417.5 mi17$8,884,370$549,900$522,610
60936Gibson City, IL 6093619.7 mi9$2,038,518$256,250$226,502
61872Sadorus, IL 6187220.1 mi3$1,365,900$455,300$455,300
61802Urbana, IL 6180220.5 mi68$22,748,380$284,200$334,535

Frequently Asked Questions

How many homes are for sale in MANSFIELD, IL 61854?

As of March 2026, there are 4 active listings in MANSFIELD, IL (zip code 61854), compared to 5 the prior year.

What is the median home price in MANSFIELD, IL 61854?

The median listing price in MANSFIELD, IL 61854 is $316,000 as of March 2026, a 351.4% increase from $69,999 the prior year.

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

Homes in MANSFIELD, IL 61854 spend an average of 102 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in MANSFIELD, IL 61854?

Based on current inventory and days-on-market data as of March 2026, MANSFIELD, IL 61854 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 102 days on market compared to 89 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MANSFIELD, IL 61854 save an estimated $6,320 compared to a typical 5% commission on the median listing price of $316,000. 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.