Is Rantoul, IL 61866 a buyer’s or seller’s market?

The Rantoul housing market right now

In the three months ending August 31, 2026, 19% of homes in Rantoul, IL 61866 sold above their list price, the typical home went under contract in 49 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 27 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold more slowly (40 days then) and the median sale price rose 6% to $158,431. Overall, Rantoul is less competitive than a year ago, which gives buyers more room.

Within Champaign County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 62%. On our competition score, Rantoul ranks #378 of 464 IL ZIP codes with enough sales (score 48 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.