Market Intelligence Report — IL-660

Charleston-Mattoon, IL

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

Ref. No: 2026-IL-07
As of the latest 2026 data
Cooling

Median Listing

$155K
-2.8% YoY

Pending Ratio

0.35
+6.6% YoY

Active Inventory

65
-6.5% YoY

Median DOM

39 Days
+2.7% YoY

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The Charleston-Mattoon market is currently cooling, characterized by a pending ratio of 0.35, indicating that demand absorption is moderate relative to available supply. This condition persists despite a year-over-year increase in the pending ratio, which started from a low base.

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.

Active listings have contracted by 6.5% over the past year, while new listings have shown a modest increase of 4.2% year-over-year. The median listing price registered a 9.9% month-over-month increase, though it remains 2.8% lower than the prior year. Median days on market have edged up by 2.7% over the past year, suggesting a slightly slower pace of transactions, while the price-reduced share has seen a year-over-year reduction of 4.7%.

Historical Analysis

Market Trends

Median Price

$155K+9.9% MoM

Active Inventory

65-6.5% YoY

Days on Market

39+2.7% YoY

Sold Score™

56+6.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

56
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 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 0.35, the pace of demand absorption is not exerting significant upward pressure on inventory. This environment suggests that properties may remain on the market for longer periods, potentially necessitating more price discipline from sellers to align with buyer expectations.

Luxury Segment

The average listing price has risen substantially by 14.9% year-over-year, contrasting with a 2.8% decline in the median listing price and a 5.4% decline in median price per square foot. This divergence indicates potential softness or variability in the higher price tiers, higher-priced segment of the market, where a smaller number of listings may be skewing average price metrics.

Supply Dynamics

65 active listings represent the current floor, with new supply arriving at roughly 50 per month.

Pricing Pressure
16.1%

of active listings carry a price reduction, -4.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -5.4% year-over-year.

Absorption
0.35

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Charleston-Mattoon, IL? Buyer Demand Index is running at 35%.

Buyers have leverage in Charleston-Mattoon, IL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
35%
Median Days on Market
39 days
Inventory YoY
−6%

In a buyer's market, strategy beats timing. See how your home scores in Charleston-Mattoon, IL and what moves the number.

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Metro Demographics

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