Photo: Nyttend · Public domain195 homes sold in Mattoon in the last year, at a typical $127K
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 Mattoon homes are listed.
Every place Mattoon 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 Mattoon.
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 97% of Mattoon’s sales, at a typical $126K
195 homes sold in the year to May 2026.
typical sale · 190 sold in 12 months
- Per square foot
- $96IL $180
- Days to sell
- 41
- Sold over asking
- 25%
- Listings with a price cut
- 29%
Multi-family (2–4 units): 3 sold, typical $157K
Condos: 2 sold, typical $78K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
195 sales in the last year, against 279 in 2022 and a low of 178 in 2012. The typical sale went from $70K in 2016 to $127K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Mattoon
Check a listing against what Mattoon 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 Mattoon are more common than before the pandemic, but 58% fewer homes come up for sale
We read every month of Mattoon’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, 195 sales.
If you’re buying in Mattoon
- Shop in August. It brings about 23 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- Offer under asking. Buyers paid 95.2% of the list price on average; 25% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings the homes; spring brings the bidding wars
July has the most new listings (about 26 a month), but May is the most competitive: 24% of May sales close over asking. August and September offer nearly as much choice with fewer homes bid up (14%). December has the least competition (9%) but only about 12 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Illinois
| Mattoon now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 25% | 6% | 17% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 52% | 4% | 7% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 30% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 95.2% | 93.4% | 96% | 99.2% |
| Days to sellMedian days from listing to contract | 43 | 105 | 68 | 49 |
35 homes for sale on a typical day
That’s 1.3 times the 2024 low (28), 58% fewer than in 2017–19 and well under 2016’s 103.
1 in 3 listings has cut its price
30% in the last year, against — in 2017–19 and 19% across Illinois.
Mattoon ranks 289th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Mattoon 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 Mattoon home costs about $873 a month
Price: Mattoon’s typical sale, last 12 months. Property tax at Mattoon’s 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 Mattoon is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 12.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $127K home, about $2,520 a year.
Taxes vs. neighborsSchools
The schools grade for Mattoon, from test results, graduation and how much students grow.
Schools in MattoonCheck 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 Mattoon, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Mattoon. People who follow the town see it, and so do people comparing Mattoon with their own town. No commission, no listing fee.
Questions about buying a home in Mattoon
What do homes sell for in Mattoon, IL?
195 homes sold in the year to May 2026 at a typical $127K, $95 a square foot.
Is Mattoon a buyer’s or seller’s market?
A seller’s market: 23 homes were for sale in May 2026 and 19 sold, about 1.2 months of supply. Buyers paid 95.2% of asking on average, and 30% of listings cut their price.
When is the best time to buy in Mattoon?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Mattoon?
About 2% of a home’s value a year. On a $127K home that’s near $2,520.
Where can I see homes for sale in Mattoon?
Zillow, Redfin, Realtor.com and Homes.com all carry Mattoon’s MLS listings; the search links above open each one filtered to Mattoon.
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).