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SAVOY, IL 61874

Real Estate Market Report  ·  Champaign County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
12
⇩ 45.5% vs 22 last year
Pending
5
42% pending ratio
Median Price
$490,000
⇧ 2.5% vs $477,850 last year
Average Price
$498,386
⇧ 11.1% vs $448,411 last year
Days on Market
60
⇩ 28.6% vs 84 days last year

Market Context

Population: 8,653  ·  Density: 547.1/mi²  ·  Median household income: $86,498

Typical home value: $260,365  ·  Homeownership: 57.3%

Market Analysis

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

The SAVOY, IL real estate market (61874) currently shows 12 active listings, with 5 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 60 days on market compared to 84 days last year.

The median listing price has risen 2.5% year-over-year, from $477,850 to $490,000.

Whether you are buying or selling in SAVOY, 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: 12 this year vs 22 last year
  • Days on market: 60 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $490,000 (+2.5% YoY)
  • Average: $498,386 (+11.1% 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 17.8 miles — 150 listings ($44,777,274 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61874Savoy, IL 618740.0 mi12$5,980,632$490,000$498,386
61820Champaign, IL 618204.3 mi26$8,441,212$220,000$324,662
61880Tolono, IL 618805.3 mi7$2,237,375$326,800$319,625
61802Urbana, IL 618027.7 mi65$18,077,930$240,900$278,122
61875Seymour, IL 618759.3 mi3$1,845,000$615,000$615,000
61872Sadorus, IL 6187210.1 mi5$1,869,375$329,950$373,875
61851Ivesdale, IL 6185111.0 mi3$642,750$214,250$214,250
61878Thomasboro, IL 6187814.3 mi4$612,720$147,000$153,180
61956Villa Grove, IL 6195614.9 mi12$1,548,240$85,000$129,020
61816Broadlands, IL 6181616.2 mi1$38,500$38,500$38,500
61840Dewey, IL 6184017.1 mi2$1,214,900$607,450$607,450
61854Mansfield, IL 6185417.5 mi9$2,033,640$210,000$225,960
61871Royal, IL 6187117.8 mi1$235,000$235,000$235,000

Frequently Asked Questions

How many homes are for sale in SAVOY, IL 61874?

As of January 2026, there are 12 active listings in SAVOY, IL (zip code 61874), compared to 22 the prior year.

What is the median home price in SAVOY, IL 61874?

The median listing price in SAVOY, IL 61874 is $490,000 as of January 2026, a 2.5% increase from $477,850 the prior year.

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

Homes in SAVOY, IL 61874 spend an average of 60 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in SAVOY, IL 61874?

Based on current inventory and days-on-market data as of January 2026, SAVOY, IL 61874 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 60 days on market compared to 84 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SAVOY, IL 61874 save an estimated $9,800 compared to a typical 5% commission on the median listing price of $490,000. 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.