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Market Intelligence · IL / Champaign County

Champaign, IL home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$204K1-yr changeUp3.6%

The typical home value in Champaign, IL is $204K as of September 2026, up 3.6% from a year ago, based on the Zillow Home Value Index. In the typical Champaign ZIP code, the median list price is $217K and homes spend a median of 55 days on market as of September 2026 (Realtor.com).

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The coverage

Champaign, by the numbers.

Typical home valueZillow ZHVI, September 2026
$204K
1-yr changeMedian across Champaign ZIPs
+3.6%
ZIP markets live6 tracked in Champaign
3
County
Champaign County

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12-month value trend

+3.6% over 12 months

Typical home value in Champaign over the last 12 months: $197K in Sep 2025 to $204K in Sep 2026 (+3.6%).

Sep 2025$197K

Sep 2026$204K

Median Zillow home value index across Champaign's ZIP codes.

Context

Champaign's housing market shows modest growth as of September 2026. Typical home values stand at $204,107, up 3.6% over the past year. The median list price is $216,900, with 160 homes currently for sale and 78 new listings added to the market. Homes spend a median of 55 days on market, and 23.4% of listings have seen price reductions. The data suggests a balanced market with enough inventory for buyers to choose from, though sellers should be prepared for homes to take time to move and price cuts to remain common.

The numbers

What is the housing market like in Champaign, IL?

Typical home value

$204K

Up3.6%YoY

Median list price

$217K

Days on market

55

Homes for sale

160

Price cuts

23.4%

New listings

78

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Champaign's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Champaign, IL home prices over time

Typical home values in Champaign, IL are up 3.6% over the past year, from $197K in September 2025 to $204K in September 2026.

Typical home value in Champaign, IL, September of each year
MonthTypical value1-yr change
September 2026$204,107+3.6%
September 2025$197,059No prior year

Typical value is the median Zillow Home Value Index across Champaign ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Champaign, IL a buyer's or seller's market?

Champaign, IL is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 55 days on market and 23% of listings with a price cut in the typical Champaign ZIP code, and 78 new listings against 160 active listings across Champaign, as of September 2026 (Realtor.com).

The outlook

Champaign housing market forecast 2027

+3.4%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Champaign ZIP codes, points to typical home values rising 3.4% by September 2027.

Over the 12 months through September 2026, typical home values in Champaign rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in Champaign?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Champaign shows typical home values rising 3.4% by September 2027, after a 3.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Champaign ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Champaign?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 6 Champaign ZIP codes in total; the remaining 3 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Champaign, IL home prices.

What is a typical home worth in Champaign?

As of September 2026, the typical home value in Champaign is $204,107, which is up 3.6% over the past year. The median list price stands at $216,900.

How long does it take to sell a home in Champaign?

Homes in Champaign spend a median of 55 days on market. About 23.4% of listings have price reductions, which may affect how quickly a home sells.

Is there good inventory in Champaign right now?

Yes, there are 160 homes for sale in Champaign as of September 2026, with 78 new listings added to the market. This provides a reasonable selection for buyers.

Are home prices going up or down in Champaign, IL?

Typical home values in Champaign, IL are up 3.6% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Champaign, IL a buyer's or seller's market?

Champaign, IL is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 55 days on market and 23% of listings with a price cut in the typical Champaign ZIP code, and 78 new listings against 160 active listings across Champaign, as of September 2026 (Realtor.com).

Nearby markets

More Illinois housing markets.

The market is moving

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