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PANA, IL 62557

Real Estate Market Report  ·  Christian County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PANA, IL real estate market (62557) currently shows 29 active listings, with 4 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 54 days on market compared to 30 days last year.

The median listing price has fallen 32.4% year-over-year, from $187,400 to $126,600.

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 Context

Market Context

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

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

Market Overview

Active Listings
29
⇧ 70.6% vs 17 last year
Pending
4
14% pending ratio
Median Price
$126,600
⇩ 32.4% vs $187,400 last year
Average Price
$150,588
⇩ 29.9% vs $214,871 last year
Days on Market
54
⇧ 80% vs 30 days last year

Price Per Square Foot

Median $/sqft
$96
⇩ 17.9% vs $117/sqft last year
Median Home Size
1,455 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 29 this year vs 17 last year
  • Days on market: 54 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $126,600 (-32.4% YoY)
  • Average: $150,588 (-29.9% 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 25.2 miles — 77 listings ($10,813,855 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62557Pana, IL 625570.0 mi24$3,410,496$122,400$142,104
62555Owaneco, IL 625557.7 mi1$145,000$145,000$145,000
62510Assumption, IL 6251010.0 mi4$625,500$137,000$156,375
62431Herrick, IL 6243113.2 mi2$308,750$154,375$154,375
62556Palmer, IL 6255614.9 mi1$219,900$219,900$219,900
62565Shelbyville, IL 6256516.2 mi23$3,181,843$133,250$138,341
62094Witt, IL 6209416.9 mi7$515,375$54,750$73,625
62080Ramsey, IL 6208017.9 mi4$453,892$113,473$113,473
62534Findlay, IL 6253418.9 mi4$963,800$240,950$240,950
62540Kincaid, IL 6254021.1 mi3$494,700$164,900$164,900
62544Macon, IL 6254422.5 mi0$0$209,000$209,000
62531Edinburg, IL 6253123.4 mi3$354,699$119,900$118,233
62465Strasburg, IL 6246525.2 mi1$139,900$139,900$139,900

Frequently Asked Questions

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

As of March 2026, there are 29 active listings in PANA, IL (zip code 62557), compared to 17 the prior year.

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

The median listing price in PANA, IL 62557 is $126,600 as of March 2026, a 32.4% decrease from $187,400 the prior year.

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

Homes in PANA, IL 62557 spend an average of 54 days on the market before going under contract, compared to 30 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 March 2026, PANA, IL 62557 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 54 days on market compared to 30 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 $2,532 compared to a typical 5% commission on the median listing price of $126,600. 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.