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MATTOON, IL 61938

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

Market Overview

Active Listings
46
⇩ 8% vs 50 last year
Pending
10
22% pending ratio
Median Price
$116,000
⇩ 20.8% vs $146,450 last year
Average Price
$145,832
⇩ 23.5% vs $190,608 last year
Days on Market
74
⇧ 27.6% vs 58 days last year

Market Context

Population: 20,965  ·  Density: 64.0/mi²  ·  Median household income: $52,279

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

Market Analysis

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

The MATTOON, IL real estate market (61938) currently shows 46 active listings, with 10 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 74 days on market compared to 58 days last year.

The median listing price has fallen 20.8% year-over-year, from $146,450 to $116,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 46 this year vs 50 last year
  • Days on market: 74 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $116,000 (-20.8% YoY)
  • Average: $145,832 (-23.5% 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 24.5 miles — 167 listings ($30,895,918 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61938Mattoon, IL 619380.0 mi46$6,708,272$116,000$145,832
61931Humboldt, IL 619317.7 mi2$192,500$96,250$96,250
61920Charleston, IL 6192011.4 mi31$7,546,764$170,150$243,444
61957Windsor, IL 6195712.5 mi5$678,600$129,900$135,720
61910Arcola, IL 6191013.9 mi2$238,000$119,000$119,000
61911Arthur, IL 6191116.3 mi7$1,406,300$178,000$200,900
61912Ashmore, IL 6191218.5 mi5$926,800$180,000$185,360
62428Greenup, IL 6242819.9 mi8$1,066,136$133,500$133,267
61953Tuscola, IL 6195322.4 mi18$4,677,858$240,000$259,881
62534Findlay, IL 6253422.7 mi4$1,444,500$249,500$361,125
62565Shelbyville, IL 6256523.3 mi24$3,443,472$139,500$143,478
62420Casey, IL 6242024.0 mi9$1,783,476$141,250$198,164
61913Atwood, IL 6191324.5 mi6$783,240$125,000$130,540

Frequently Asked Questions

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

As of January 2026, there are 46 active listings in MATTOON, IL (zip code 61938), compared to 50 the prior year.

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

The median listing price in MATTOON, IL 61938 is $116,000 as of January 2026, a 20.8% decrease from $146,450 the prior year.

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

Homes in MATTOON, IL 61938 spend an average of 74 days on the market before going under contract, compared to 58 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 January 2026, MATTOON, IL 61938 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 74 days on market compared to 58 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 $2,320 compared to a typical 5% commission on the median listing price of $116,000. 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.