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PENFIELD, IL 61862

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

Market Overview

Active Listings
0
Pending
0
0% pending ratio
Median Price
$32,000
Average Price
$32,000
Days on Market
13

Market Context

Population: 694  ·  Density: 6.7/mi²  ·  Median household income: $135,096

Typical home value: $129,520  ·  Homeownership: 88.6%

Market Analysis

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

The PENFIELD, IL real estate market (61862) currently shows 0 active listings. Homes are averaging 13 days on the market before going under contract.

Whether you are buying or selling in PENFIELD, 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 20.3 miles — 134 listings ($30,683,078 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61862Penfield, IL 618620.0 mi0$0$32,000$32,000
61812Armstrong, IL 618124.5 mi2$339,000$169,500$169,500
61871Royal, IL 618718.0 mi1$235,000$235,000$235,000
60960Rankin, IL 609609.8 mi6$732,000$122,000$122,000
61866Rantoul, IL 6186610.9 mi25$3,628,475$137,200$145,139
61844Fithian, IL 6184411.9 mi2$609,800$304,900$304,900
60957Paxton, IL 6095713.7 mi16$2,746,624$149,900$171,664
61802Urbana, IL 6180216.3 mi65$18,077,930$240,900$278,122
60948Loda, IL 6094816.5 mi7$1,797,299$249,900$256,757
61840Dewey, IL 6184018.5 mi2$1,214,900$607,450$607,450
61834Danville, IL 6183419.1 mi6$1,121,100$176,750$186,850
60933Elliott, IL 6093320.2 mi1$97,500$97,500$97,500
61841Fairmount, IL 6184120.3 mi1$83,450$83,450$83,450

Frequently Asked Questions

How many homes are for sale in PENFIELD, IL 61862?

As of January 2026, there are 0 active listings in PENFIELD, IL (zip code 61862).

What is the median home price in PENFIELD, IL 61862?

The median listing price in PENFIELD, IL 61862 is $32,000 as of January 2026.

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

Homes in PENFIELD, IL 61862 spend an average of 13 days on the market before going under contract.

Is it a seller's or buyer's market in PENFIELD, IL 61862?

Based on current inventory and days-on-market data as of January 2026, PENFIELD, IL 61862 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in PENFIELD, IL 61862 save an estimated $640 compared to a typical 5% commission on the median listing price of $32,000. 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.