Is Broadlands, IL 61816 a buyer’s or seller’s market?
Broadlands is a seller’s market. With about 1.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Broadlands housing market right now
In the three months ending August 31, 2026, 0% of homes in Broadlands, IL 61816 sold above their list price, the typical home went under contract in 126 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (48 days then) and the median sale price rose 62% to $240,896. Overall, Broadlands is less competitive than a year ago, which gives buyers more room.
Within Champaign County, homes here sell more slowly than in 96% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Dewey 61840 (100% sold over asking) and Fisher 61843 (67% sold over asking) are even more competitive.
Run the numbers for 61816
Nearby markets
Bondville 61815Seller’s market $133 /sq ftChampaign 61820Seller’s market $153 /sq ftChampaign 61821Seller’s market $162 /sq ftChampaign 61822Seller’s market $168 /sq ft Browse all markets →Where Broadlands is
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Questions about Broadlands real estate
Is Broadlands a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Broadlands, IL 61816 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Broadlands?
The typical home went under contract in 126 days in the latest three months.
Do homes in Broadlands sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Broadlands?
About 2.06% of a home’s value a year in Champaign County, or roughly $8,240 on a $400,000 home.
What is the median home price in Broadlands?
The median sale price was $240,896 in the three months ending August 31, 2026, about $128 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology