Photo: Gerald Roll · Public domain168 homes sold in Effingham in the last year, at a typical $207K
Almost every sale is a house. 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 Effingham homes are listed.
Every place Effingham 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 Effingham.
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.
Houses are 92% of Effingham’s sales, at a typical $216K
168 homes sold in the year to May 2026.
typical sale · 154 sold in 12 months
- Per square foot
- $119IL $180
- Days to sell
- 42
- Sold over asking
- 21%
- Listings with a price cut
- 31%
Multi-family (2–4 units): 14 sold, typical $187K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2016 price
168 sales in the last year, against 187 in 2021 and a low of 134 in 2023. The typical sale went from $125K in 2016 to $207K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Effingham
Check a listing against what Effingham 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 Effingham are more common than before the pandemic, but 40% fewer homes come up for sale
We read every month of Effingham’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, 168 sales.
If you’re buying in Effingham
- Shop in March. It brings about 16 new listings a month, close to the busiest month, with fewer bidding wars (9% over asking).
- Offer under asking. Buyers paid 96.4% of the list price on average; 20% paid over.
- Move fast on good ones. 46% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 18 a month), but June is the most competitive: 23% of June sales close over asking. March offers nearly as much choice with fewer homes bid up (9%). January has the least competition (8%) but only about 9 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Illinois
| Effingham now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 20% | 11% | 21% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 46% | 4% | 6% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 30% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 96.4% | 95.4% | 96.6% | 99.2% |
| Days to sellMedian days from listing to contract | 40 | 87 | 67 | 49 |
31 homes for sale on a typical day
That’s 1.4 times the 2023 low (22), 40% fewer than in 2017–19 and well under 2012’s 74.
1 in 3 listings has cut its price
30% in the last year, against — in 2017–19 and 19% across Illinois.
Effingham ranks 306th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Effingham is one of the state’s calmer markets.
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 Effingham home costs about $1,360 a month
Price: Effingham’s typical sale, last 12 months. Property tax at Effingham’s 1.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Effingham 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 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $207K home, about $3,350 a year.
Taxes vs. neighborsSchools
The schools grade for Effingham, from test results, graduation and how much students grow.
Schools in EffinghamTypical commute
The average one-way trip to work for people who live in Effingham.
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.
Post your home to Effingham, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Effingham. People who follow the town see it, and so do people comparing Effingham with their own town. No commission, no listing fee.
Questions about buying a home in Effingham
What do homes sell for in Effingham, IL?
168 homes sold in the year to May 2026 at a typical $207K, $121 a square foot.
Is Effingham a buyer’s or seller’s market?
A seller’s market: 33 homes were for sale in May 2026 and 13 sold, about 2.5 months of supply. Buyers paid 96.4% of asking on average, and 30% of listings cut their price.
When is the best time to buy in Effingham?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Effingham?
About 1.6% of a home’s value a year. On a $207K home that’s near $3,350.
Where can I see homes for sale in Effingham?
Zillow, Redfin, Realtor.com and Homes.com all carry Effingham’s MLS listings; the search links above open each one filtered to Effingham.
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).