Is Pesotum, IL 61863 a buyer’s or seller’s market?
Pesotum is a seller’s market. With about 1.6 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 Pesotum housing market right now
In the three months ending August 31, 2026, 0% of homes in Pesotum, IL 61863 sold above their list price, the typical home went under contract in 46 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (34 days then) and the median sale price rose 11% to $163,179. Overall, Pesotum is less competitive than a year ago, which gives buyers more room.
Within Champaign County, homes here sell faster than in 50% 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 61863
Nearby markets
Bondville 61815Seller’s market $133 /sq ftBroadlands 61816Seller’s market $128 /sq ftChampaign 61820Seller’s market $153 /sq ftChampaign 61821Seller’s market $162 /sq ft Browse all markets →Where Pesotum is
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Questions about Pesotum real estate
Is Pesotum a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Pesotum, IL 61863 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 Pesotum?
The typical home went under contract in 46 days in the latest three months.
Do homes in Pesotum sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.6% of the list price.
What are property taxes in Pesotum?
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 Pesotum?
The median sale price was $163,179 in the three months ending August 31, 2026, about $87 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