Active Listings
2
⇧ 100% vs 1 last year
Data as of September 2026. Source: Realtor.com.
The PANAMA, IL real estate market (62077) currently shows 2 active listings, with 2 pending sales. Homes are averaging 19 days on the market before going under contract.
Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.
Homes are selling faster, averaging 19 days on market compared to 117 days last year.
The median listing price has fallen 50% year-over-year, from $50,000 to $25,000.
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 September 2026, there are 2 active listings in PANAMA, IL (zip code 62077), compared to 1 the prior year.
The median listing price in PANAMA, IL 62077 is $25,000 as of September 2026, a 50% decrease from $50,000 the prior year.
Homes in PANAMA, IL 62077 spend an average of 19 days on the market before going under contract, compared to 117 days the prior year.
Based on current inventory and days-on-market data as of September 2026, PANAMA, IL 62077 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 19 days on market compared to 117 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA, IL 62077 save an estimated $500 compared to a typical 5% commission on the median listing price of $25,000. 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.