Is Champaign, IL 61820 a buyer’s or seller’s market?

The Champaign housing market right now

In the three months ending August 31, 2026, 32% of homes in Champaign, IL 61820 sold above their list price, the typical home went under contract in 37 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 45 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (32% then), homes sold more slowly (28 days then) and the median sale price rose 19% to $208,660. Overall, Champaign is less competitive than a year ago, which gives buyers more room.

Within Champaign County, homes here sell faster than in 79% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Champaign ranks #291 of 464 IL ZIP codes with enough sales (score 61 out of 100).

Nearby, buyers who want less competition could look at Thomasboro 61878 (0% sold over asking) or Philo 61864 (0% sold over asking), while Dewey 61840 (100% sold over asking) and Fisher 61843 (67% sold over asking) are even more competitive.