Market Intelligence Report — IL-660

Charleston-Mattoon, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-05
As of the latest 2026 data
Accelerated

Median Listing

$157K
-12.8% YoY

Pending Ratio

0.62
+21.5% YoY

Active Inventory

52
+4.0% YoY

Median DOM

41 Days
+32.3% YoY

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The Charleston-Mattoon market is exhibiting accelerated conditions. The pending ratio stands at 0.62, indicating demand is outpacing current supply levels despite a modest 4.0% year-over-year increase in active listings. While the median listing price has seen a notable 12.8% year-over-year decline to $157,000, monthly price movements remain largely flat.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Charleston-Mattoon market right now.

The Charleston-Mattoon market is currently demonstrating an accelerated trend. Active listings have expanded by 4.0% year-over-year, reaching 52, while new listings increased by 10.0%. Concurrently, the pending ratio has risen by 21.5% year-over-year, suggesting strengthening demand absorption. However, the median listing price has contracted by 12.8% year-over-year, to $157,000, and days on market have extended by 32.3% year-over-year, reaching 41 days.

Historical Analysis

Market Trends

Median Price

$157K+0.4% MoM

Active Inventory

52+4.0% YoY

Days on Market

41+32.3% YoY

Sold Score™

62+21.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

62
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.62, market conditions favor a faster pace of transactions. While inventory has increased, the robust pending ratio suggests that well-priced and well-presented properties are likely to attract competitive interest. Price discipline remains important given the notable year-over-year decline in median listing price.

Luxury Segment

The average listing price has declined by 13.9% year-over-year, diverging slightly more than the 12.8% decline in the median listing price, suggesting some weakening at higher price tiers. The median price per square foot has also contracted by 13.1% year-over-year to $95. This indicates overall price softness that is somewhat more pronounced in the upper segments of the market.

Supply Dynamics

52 active listings represent the current floor, with new supply arriving at roughly 44 per month.

Pricing Pressure
14.9%

of active listings carry a price reduction, -3.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -13.1% year-over-year.

Absorption
0.62

Pending-to-active ratio — Accelerated.

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Metro Demographics

Metro Area
Charleston-Mattoon, IL
CBSA Code
16660
State
IL