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PANA, IL 62557

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

Market Overview

Active Listings
23
vs 23 last year
Pending
3
13% pending ratio
Median Price
$128,700
⇩ 26.3% vs $174,700 last year
Average Price
$153,967
⇩ 17.5% vs $186,587 last year
Days on Market
110
⇧ 3.8% vs 106 days last year

Market Context

Population: 7,002  ·  Density: 23.1/mi²  ·  Median household income: $53,060

Typical home value: $97,998  ·  Homeownership: 77.0%

Market Analysis

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

The PANA, IL real estate market (62557) currently shows 23 active listings, with 3 pending sales. Homes are averaging 110 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 110 days on market compared to 106 days last year.

The median listing price has fallen 26.3% year-over-year, from $174,700 to $128,700.

Whether you are buying or selling in PANA, 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
  • Days on market: 110 now vs 106 last year

Median & Average Pricing

Year over Year
  • Median: $128,700 (-26.3% YoY)
  • Average: $153,967 (-17.5% 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 24.2 miles — 134 listings ($23,563,119 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62557Pana, IL 625570.0 mi23$3,541,241$128,700$153,967
62571Tower Hill, IL 625717.8 mi2$319,800$159,900$159,900
62075Nokomis, IL 6207512.3 mi13$1,378,806$128,500$106,062
62568Taylorville, IL 6256814.8 mi40$9,653,680$159,900$241,342
62565Shelbyville, IL 6256516.2 mi24$3,443,472$139,500$143,478
62094Witt, IL 6209416.9 mi7$417,200$30,000$59,600
62080Ramsey, IL 6208017.9 mi5$936,445$219,995$187,289
62534Findlay, IL 6253418.9 mi4$1,444,500$249,500$361,125
62540Kincaid, IL 6254021.1 mi2$219,900$109,900$109,950
62517Bulpitt, IL 6251722.0 mi1$60,000$60,000$60,000
62538Harvel, IL 6253822.4 mi1$30,000$30,000$30,000
62513Blue Mound, IL 6251322.5 mi3$483,675$129,250$161,225
61914Bethany, IL 6191424.2 mi9$1,634,400$164,200$181,600

Frequently Asked Questions

How many homes are for sale in PANA, IL 62557?

As of January 2026, there are 23 active listings in PANA, IL (zip code 62557), compared to 23 the prior year.

What is the median home price in PANA, IL 62557?

The median listing price in PANA, IL 62557 is $128,700 as of January 2026, a 26.3% decrease from $174,700 the prior year.

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

Homes in PANA, IL 62557 spend an average of 110 days on the market before going under contract, compared to 106 days the prior year.

Is it a seller's or buyer's market in PANA, IL 62557?

Based on current inventory and days-on-market data as of January 2026, PANA, IL 62557 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 110 days on market compared to 106 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PANA, IL 62557 save an estimated $2,574 compared to a typical 5% commission on the median listing price of $128,700. 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.