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LITCHFIELD, IL 62056

Real Estate Market Report  ·  Montgomery County
Buyer's Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The LITCHFIELD, IL real estate market (62056) currently shows 38 active listings, with 13 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 49 days on market compared to 42 days last year.

The median listing price has risen 0.5% year-over-year, from $146,150 to $146,950.

Whether you are buying or selling in LITCHFIELD, 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: 8,758  ·  Density: 31.5/mi²  ·  Median household income: $55,227

Typical home value: $112,269  ·  Homeownership: 69.8%

Market Overview

Active Listings
38
⇧ 31% vs 29 last year
Pending
13
34% pending ratio
Median Price
$146,950
⇧ 0.5% vs $146,150 last year
Average Price
$205,153
⇧ 20.1% vs $170,748 last year
Days on Market
49
⇧ 16.7% vs 42 days last year

Price Per Square Foot

Median $/sqft
$111
⇧ 5.7% vs $105/sqft last year
Median Home Size
1,399 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 29 last year
  • Days on market: 49 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $146,950 (+0.5% YoY)
  • Average: $205,153 (+20.1% 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
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 19.3 miles — 114 listings ($23,160,769 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62056Litchfield, IL 620560.0 mi32$7,976,672$199,925$249,271
62015Butler, IL 620157.6 mi2$430,000$215,000$215,000
62091Walshville, IL 620918.9 mi1$435,000$435,000$435,000
62033Gillespie, IL 620339.7 mi14$2,154,866$119,250$153,919
62049Hillsboro, IL 6204910.5 mi12$2,924,352$137,125$243,696
62077Panama, IL 6207713.1 mi2$50,000$25,000$25,000
62626Carlinville, IL 6262613.6 mi23$5,112,946$126,000$222,302
62051Irving, IL 6205114.5 mi3$515,400$75,000$171,800
62074New Douglas, IL 6207415.3 mi1$31,756$31,756$31,756
62014Bunker Hill, IL 6201417.6 mi8$867,800$108,475$108,475
62094Witt, IL 6209417.9 mi7$515,375$54,750$73,625
62533Farmersville, IL 6253318.7 mi3$809,700$269,900$269,900
62097Worden, IL 6209719.3 mi6$1,336,902$262,450$222,817

Frequently Asked Questions

How many homes are for sale in LITCHFIELD, IL 62056?

As of July 2026, there are 38 active listings in LITCHFIELD, IL (zip code 62056), compared to 29 the prior year.

What is the median home price in LITCHFIELD, IL 62056?

The median listing price in LITCHFIELD, IL 62056 is $146,950 as of July 2026, a 0.5% increase from $146,150 the prior year.

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

Homes in LITCHFIELD, IL 62056 spend an average of 49 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in LITCHFIELD, IL 62056?

Based on current inventory and days-on-market data as of July 2026, LITCHFIELD, IL 62056 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 49 days on market compared to 42 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LITCHFIELD, IL 62056 save an estimated $2,939 compared to a typical 5% commission on the median listing price of $146,950. 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.