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MONTICELLO, IL 61856

Real Estate Market Report  ·  Piatt County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
29
⇧ 16% vs 25 last year
Pending
13
45% pending ratio
Median Price
$304,700
⇧ 6.9% vs $284,950 last year
Average Price
$303,212
⇧ 2.3% vs $296,337 last year
Days on Market
90
⇧ 57.9% vs 57 days last year

Market Context

Population: 8,315  ·  Density: 29.7/mi²  ·  Median household income: $86,269

Typical home value: $211,618  ·  Homeownership: 83.4%

Market Analysis

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

The MONTICELLO, IL real estate market (61856) currently shows 29 active listings, with 13 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 90 days on market compared to 57 days last year.

The median listing price has risen 6.9% year-over-year, from $284,950 to $304,700.

Whether you are buying or selling in MONTICELLO, 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
  • Listings: 29 this year vs 25 last year
  • Days on market: 90 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $304,700 (+6.9% YoY)
  • Average: $303,212 (+2.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.4 miles — 151 listings ($45,488,976 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61856Monticello, IL 618560.0 mi29$8,793,148$304,700$303,212
61813Bement, IL 618138.3 mi4$1,053,332$250,000$263,333
61875Seymour, IL 618759.9 mi3$1,845,000$615,000$615,000
61818Cerro Gordo, IL 6181812.3 mi6$687,258$105,000$114,543
61854Mansfield, IL 6185412.7 mi9$2,033,640$210,000$225,960
61929Hammond, IL 6192914.3 mi2$379,800$189,900$189,900
61842Farmer City, IL 6184215.2 mi13$3,009,214$195,000$231,478
62554Oreana, IL 6255416.2 mi2$260,000$130,000$130,000
61874Savoy, IL 6187417.1 mi12$5,980,632$490,000$498,386
61735Dewitt, IL 6173517.2 mi5$1,031,125$192,500$206,225
61863Pesotum, IL 6186318.0 mi3$824,850$274,950$274,950
61820Champaign, IL 6182018.8 mi26$8,441,212$220,000$324,662
61801Urbana, IL 6180120.4 mi37$11,149,765$282,500$301,345

Frequently Asked Questions

How many homes are for sale in MONTICELLO, IL 61856?

As of January 2026, there are 29 active listings in MONTICELLO, IL (zip code 61856), compared to 25 the prior year.

What is the median home price in MONTICELLO, IL 61856?

The median listing price in MONTICELLO, IL 61856 is $304,700 as of January 2026, a 6.9% increase from $284,950 the prior year.

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

Homes in MONTICELLO, IL 61856 spend an average of 90 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in MONTICELLO, IL 61856?

Based on current inventory and days-on-market data as of January 2026, MONTICELLO, IL 61856 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 90 days on market compared to 57 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MONTICELLO, IL 61856 save an estimated $6,094 compared to a typical 5% commission on the median listing price of $304,700. 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.