Photo: BonkerStonker29 · CC BY-SA 4.0908 homes sold in Champaign in the last year, at a typical $234K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Champaign homes are listed.
Every place Champaign homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Champaign.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
14% of Champaign’s sales are condos, at $62K less than a house
695 houses and 126 condos sold in the year to May 2026. Condos sell faster. Houses draw more bidding wars.
typical sale · 695 sold in 12 months
- Per square foot
- $158IL $180
- Days to sell
- 48
- Sold over asking
- 34%
- Listings with a price cut
- 22%
typical sale · 126 sold in 12 months
- Per square foot
- $146IL $251
- Days to sell
- 35
- Sold over asking
- 24%
- Listings with a price cut
- 24%
Multi-family (2–4 units): 13 sold, typical $259K
Townhouses: 74 sold, typical $237K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2016 price
908 sales in the last year, against 1,221 in 2021 and a low of 845 in 2012. The typical sale went from $143K in 2016 to $234K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Champaign
Check a listing against what Champaign homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Champaign are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Champaign’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 908 sales.
If you’re buying in Champaign
- Shop in March. It brings about 129 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- Some room to negotiate. 21% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.3% of the list price on average; 32% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 134 a month), but June is the most competitive: 30% of June sales close over asking. March and April offer nearly as much choice with fewer homes bid up (22%). February has the least competition (15%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Champaign now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 14% | 36% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 52% | 26% | 55% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 21% | 21% | 25% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.3% | 96.9% | 99.4% | 99.2% |
| Days to sellMedian days from listing to contract | 45 | 73 | 18 | 49 |
187 homes for sale on a typical day
That’s 1.4 times the 2023 low (131), 54% fewer than in 2017–19 and well under 2017’s 503.
1 in 5 listings has cut its price
21% in the last year, against 21% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 51%, condos 49%
A house typically sold for $246K in the last year (695 sales), a condo for $184K (126).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Champaign ranks 232nd of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Champaign is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Champaign home costs about $1,650 a month
Price: Champaign’s typical sale, last 12 months. Property tax at Champaign’s 2.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Champaign is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 46.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $234K home, about $5,150 a year.
Taxes vs. neighborsSchools
The schools grade for Champaign, from test results, graduation and how much students grow.
Schools in ChampaignTypical commute
The average one-way trip to work for people who live in Champaign.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Mansfield sells for less a square foot; Mahomet for far more
The busier markets within 25 miles of Champaign, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Champaign | 908 | $234K | $154 | 32% | 45 |
| Urbana | 436 | $233K | $155 | 31% | 51 |
| Mahomet | 144 | $393K | $195 | 24% | 60 |
| Savoy | 92 | $370K | $189 | 35% | 54 |
| St. Joseph | 46 | $256K | $165 | 39% | 42 |
| Tolono | 36 | $238K | $159 | 36% | 46 |
| Mansfield | 23 | $201K | $126 | 4% | 64 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Champaign, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Champaign. People who follow the town see it, and so do people comparing Champaign with their own town. No commission, no listing fee.
Questions about buying a home in Champaign
What do homes sell for in Champaign, IL?
908 homes sold in the year to May 2026 at a typical $234K, $154 a square foot. Houses sold for about $246K, condos for about $184K.
Is Champaign a buyer’s or seller’s market?
A seller’s market: 260 homes were for sale in May 2026 and 90 sold, about 2.9 months of supply. Buyers paid 99.3% of asking on average, and 21% of listings cut their price.
When is the best time to buy in Champaign?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Champaign?
About 2.2% of a home’s value a year. On a $234K home that’s near $5,150.
Where can I see homes for sale in Champaign?
Zillow, Redfin, Realtor.com and Homes.com all carry Champaign’s MLS listings; the search links above open each one filtered to Champaign.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).