Data as of September 2026. Source: Realtor.com.
The PANA, IL real estate market (62557) currently shows 28 active listings, with 3 pending sales. Homes are averaging 66 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 66 days on market compared to 33 days last year.
The median listing price has fallen 20.8% year-over-year, from $149,900 to $118,675.
Population: 7,002 · Density: 23.1/mi² · Median household income: $53,060
Typical home value: $97,998 · Homeownership: 77.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 62557 | Pana, IL 62557 | 0.0 mi | 24 | $3,410,496 | $122,400 | $142,104 |
| 62555 | Owaneco, IL 62555 | 7.7 mi | 1 | $145,000 | $145,000 | $145,000 |
| 62510 | Assumption, IL 62510 | 10.0 mi | 4 | $625,500 | $137,000 | $156,375 |
| 62431 | Herrick, IL 62431 | 13.2 mi | 2 | $308,750 | $154,375 | $154,375 |
| 62556 | Palmer, IL 62556 | 14.9 mi | 1 | $219,900 | $219,900 | $219,900 |
| 62565 | Shelbyville, IL 62565 | 16.2 mi | 23 | $3,181,843 | $133,250 | $138,341 |
| 62094 | Witt, IL 62094 | 16.9 mi | 7 | $515,375 | $54,750 | $73,625 |
| 62080 | Ramsey, IL 62080 | 17.9 mi | 4 | $453,892 | $113,473 | $113,473 |
| 62534 | Findlay, IL 62534 | 18.9 mi | 4 | $963,800 | $240,950 | $240,950 |
| 62540 | Kincaid, IL 62540 | 21.1 mi | 3 | $494,700 | $164,900 | $164,900 |
| 62544 | Macon, IL 62544 | 22.5 mi | 0 | $0 | $209,000 | $209,000 |
| 62531 | Edinburg, IL 62531 | 23.4 mi | 3 | $354,699 | $119,900 | $118,233 |
| 62465 | Strasburg, IL 62465 | 25.2 mi | 1 | $139,900 | $139,900 | $139,900 |
As of September 2026, there are 28 active listings in PANA, IL (zip code 62557), compared to 29 the prior year.
The median listing price in PANA, IL 62557 is $118,675 as of September 2026, a 20.8% decrease from $149,900 the prior year.
Homes in PANA, IL 62557 spend an average of 66 days on the market before going under contract, compared to 33 days the prior year.
Based on current inventory and days-on-market data as of September 2026, PANA, IL 62557 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 66 days on market compared to 33 days last year.
With SELL123.com's maximum 3% commission, sellers in PANA, IL 62557 save an estimated $2,374 compared to a typical 5% commission on the median listing price of $118,675. 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.