Market Intelligence Report — IL-820

Effingham, IL

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

Ref. No: 2026-IL-08
As of the latest 2026 data
Cooling

Median Listing

$290K
+11.7% YoY

Pending Ratio

0.28
+5.8% YoY

Active Inventory

79
+2.6% YoY

Median DOM

54 Days
-7.8% YoY

Primary Intelligence Tool — Sold Score™

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The Effingham, IL market is currently cooling, characterized by a pending ratio of 0.28. While median listing prices have appreciated by 11.7% year-over-year, absorption remains moderate relative to available supply.

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 Effingham market right now.

Active listings have shown a modest increase of 2.6% over the past year, with new listings rising more substantially by 22.2% year-over-year. The median days on market observed a slight contraction of 7.8% year-over-year, indicating some velocity for absorbed properties. The pending ratio currently stands at 0.28, representing a 5.8% increase year-over-year from a low base, yet absorption is not keeping pace with the inflow of new supply. Concurrently, the median price per square foot has increased by 16.3% over the past year.

Historical Analysis

Market Trends

Median Price

$290K+0.0% MoM

Active Inventory

79+2.6% YoY

Days on Market

54-7.8% YoY

Sold Score™

37+5.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

37
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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 0.28, the market reflects a moderate pace of demand absorption relative to the overall inventory. This condition suggests that buyers may have increased opportunities for more deliberate consideration and negotiation on terms. The expanding inventory, particularly in new listings, contributes to a less pressured environment for price discipline.

Luxury Segment

The average listing price has declined by 8.5% year-over-year, while the median listing price has increased. This divergence, coupled with a median price per square foot increase, indicates potential softness or recalibration within the higher price tiers of the market, where average prices may be more influenced by a shifting mix of available luxury inventory.

Supply Dynamics

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

Pricing Pressure
20.7%

of active listings carry a price reduction, -6.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +16.3% year-over-year.

Absorption
0.28

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Effingham, IL? Homes here are taking 5 days less to sell than last year.

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

Buyer Demand Index
28%
Median Days on Market
54 days
Inventory YoY
+3%

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

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Metro Demographics

Metro Area
Effingham, IL
CBSA Code
20820
State
IL

ZIPs in Effingham, IL

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Effingham?+

    As of the latest 2026 data, the Effingham metro is classified as Cooling. Pending ratio is 0.28 with median days on market at 54.

  • Are home prices dropping in Effingham?+

    Median listing price is $290K, +11.7% year over year. 20.7% of active listings carry a price reduction.

  • How fast are homes selling in Effingham?+

    The typical listing sits 54 days on market, a -7.8% change YoY. New listings are arriving at 44 per month.

  • What's happening in the Effingham luxury market?+

    The average listing price has declined by 8.5% year-over-year, while the median listing price has increased. This divergence, coupled with a median price per square foot increase, indicates potential softness or recalibration within the higher price tiers of the market, where average prices may be more influenced by a shifting mix of available luxury inventory.

  • Where can I find a trusted Effingham real estate expert?+

    Primpted maintains a vetted registry of Effingham agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 20820 · 36mo history