Active Listings
1
⇩ 50% vs 2 last year
Data as of June 2026. Source: Realtor.com.
The PANAMA, IL real estate market (62077) currently shows 1 active listings, with 2 pending sales. Homes are averaging 45 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 45 days on market compared to 26 days last year.
The median listing price has risen 40% year-over-year, from $50,000 to $70,000.
Whether you are buying or selling in PANAMA, 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.
Population: 317 · Density: 49.6/mi² · Median household income: $59,643
Typical home value: $62,955 · Homeownership: 85.3%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 62077 | Panama, IL 62077 | 0.0 mi | 2 | $50,000 | $25,000 | $25,000 |
| 62091 | Walshville, IL 62091 | 5.4 mi | 1 | $435,000 | $435,000 | $435,000 |
| 62017 | Coffeen, IL 62017 | 8.2 mi | 2 | $1,328,750 | $664,375 | $664,375 |
| 62246 | Greenville, IL 62246 | 11.0 mi | 27 | $7,750,944 | $223,650 | $287,072 |
| 62056 | Litchfield, IL 62056 | 13.0 mi | 32 | $7,976,672 | $199,925 | $249,271 |
| 62051 | Irving, IL 62051 | 13.3 mi | 3 | $515,400 | $75,000 | $171,800 |
| 62262 | Mulberry Grove, IL 62262 | 14.8 mi | 1 | $110,000 | $110,000 | $110,000 |
| 62088 | Staunton, IL 62088 | 15.2 mi | 28 | $6,028,260 | $228,500 | $215,295 |
| 62284 | Smithboro, IL 62284 | 15.7 mi | 2 | $1,265,000 | $632,500 | $632,500 |
| 62001 | Alhambra, IL 62001 | 16.2 mi | 3 | $1,236,000 | $412,000 | $412,000 |
| 62093 | Wilsonville, IL 62093 | 17.9 mi | 7 | $1,084,475 | $152,450 | $154,925 |
| 62560 | Raymond, IL 62560 | 19.2 mi | 6 | $1,316,460 | $249,900 | $219,410 |
| 62046 | Hamel, IL 62046 | 20.2 mi | 4 | $1,360,000 | $344,900 | $340,000 |
As of June 2026, there are 1 active listings in PANAMA, IL (zip code 62077), compared to 2 the prior year.
The median listing price in PANAMA, IL 62077 is $70,000 as of June 2026, a 40% increase from $50,000 the prior year.
Homes in PANAMA, IL 62077 spend an average of 45 days on the market before going under contract, compared to 26 days the prior year.
Based on current inventory and days-on-market data as of June 2026, PANAMA, IL 62077 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 45 days on market compared to 26 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA, IL 62077 save an estimated $1,400 compared to a typical 5% commission on the median listing price of $70,000. 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.