Sep 2026
$260K
+7.1% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Champaign, IL housing market
Champaign, IL metro median sale price $260K in Sep 2026, up 7.1% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Champaign, IL metro is $260K as of Sep 2026, up 7.1% from a year earlier. The gain is larger than in most of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro agrees within 1.7 points (up 5.4% through Q2 2026).
On median sale price, Champaign ($260K) ranks 3rd of the eight Illinois metros Pecan Street tracks, between Bloomington ($271K) and Kankakee ($244K). Champaign has the most median days on market of the eight Illinois metros (55 days), ahead of Decatur (44 days). On share of listings with a price cut, Champaign (43%) ranks 5th of the eight Illinois metros, between Rockford (48%) and Decatur (42%).
Listings spent a median 55 days on market in Sep 2026. 43% of active listings carry a price cut, 1.8 points fewer than a year earlier. That share is higher than in most of the 385 metros.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,428 a month; at 28% of gross income, that takes about $61K a year. The median sale price equals about 15 years of HUD Fair Market Rent, a ratio up 4.3% from a year earlier. That ratio is lower than in most of the 373 metros. Active listings ask a median $169 per square foot, up 5.3% from a year earlier.
In three of the five ZIP codes in the table below, median list prices are lower than a year earlier; two are higher.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,428/mo
$61K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Champaign compares to other U.S. metros
| Home-price growth | ↑46th of 383 (top 13%) |
|---|---|
| Price cuts | ↑96th of 385 (top 25%) |
| Price-to-rent | ↓225th of 373 |
| Days on market | 223rd of 385 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 15 +4.3% YoY ↓225th of 373 |
|---|---|
| Asking price / sq ft | $169 +5.3% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 43% -1.8 pts YoY ↑96th of 385 (top 25%) |
|---|
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 5 shown of 49 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 1.7ppRedfin (metro) +7.1% | FHFA HPI · Q2 2026 +5.4% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in IL
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 61801 | $235K↓ | 45↑ | 16↓ | 24↑ | 59↑ | $189K↑ |
| 61802 | $327K↑ | 51↑ | 26↓ | 10↓ | 38↑ | $223K↑ |
| 61821 | $210K↓ | 50↑ | 40↑ | 30↑ | 44↑ | $205K↑ |
| 61822 | $380K↓ | 90↑ | 28↓ | 44↑ | 58↑ | $335K↑ |
| 61853 | $472K↑ | 76↑ | 22↑ | 26↑ | 72↑ | $355K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.