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Lane Acres

MATTOON, IL 61938

Real Estate Market Report  ·  Coles County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 61938

Lane Acres

Market Analysis

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

The MATTOON, IL real estate market (61938) currently shows 33 active listings, with 13 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 40 days on market compared to 47 days last year.

The median listing price has risen 6.2% year-over-year, from $128,500 to $136,425.

Whether you are buying or selling in MATTOON, 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: 20,965  ·  Density: 64.0/mi²  ·  Median household income: $52,279

Typical home value: $99,189  ·  Homeownership: 59.8%

Market Overview

Active Listings
33
⇩ 15.4% vs 39 last year
Pending
13
39% pending ratio
Median Price
$136,425
⇧ 6.2% vs $128,500 last year
Average Price
$154,888
⇩ 20.6% vs $195,156 last year
Days on Market
40
⇩ 14.9% vs 47 days last year

Price Per Square Foot

Median $/sqft
$102
⇧ 3% vs $99/sqft last year
Median Home Size
1,502 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 39 last year
  • Days on market: 40 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $136,425 (+6.2% YoY)
  • Average: $154,888 (-20.6% 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 24.5 miles — 135 listings ($23,706,475 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61938Mattoon, IL 619380.0 mi37$5,371,512$121,175$145,176
61931Humboldt, IL 619317.7 mi2$135,000$67,500$67,500
62447Neoga, IL 6244712.1 mi3$532,200$177,400$177,400
61951Sullivan, IL 6195113.6 mi15$3,073,830$168,175$204,922
62468Toledo, IL 6246815.0 mi1$165,000$165,000$165,000
62465Strasburg, IL 6246516.8 mi1$139,900$139,900$139,900
61912Ashmore, IL 6191218.5 mi5$921,800$174,899$184,360
62428Greenup, IL 6242819.9 mi8$1,235,432$139,000$154,429
61953Tuscola, IL 6195322.4 mi19$4,984,536$225,000$262,344
62534Findlay, IL 6253422.7 mi4$963,800$240,950$240,950
62565Shelbyville, IL 6256523.3 mi23$3,181,843$133,250$138,341
62420Casey, IL 6242024.0 mi11$1,939,982$139,900$176,362
61913Atwood, IL 6191324.5 mi6$1,061,640$159,900$176,940

Frequently Asked Questions

How many homes are for sale in MATTOON, IL 61938?

As of March 2026, there are 33 active listings in MATTOON, IL (zip code 61938), compared to 39 the prior year.

What is the median home price in MATTOON, IL 61938?

The median listing price in MATTOON, IL 61938 is $136,425 as of March 2026, a 6.2% increase from $128,500 the prior year.

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

Homes in MATTOON, IL 61938 spend an average of 40 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in MATTOON, IL 61938?

Based on current inventory and days-on-market data as of March 2026, MATTOON, IL 61938 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 40 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MATTOON, IL 61938 save an estimated $2,729 compared to a typical 5% commission on the median listing price of $136,425. 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.